Motor Industry News
This time of year always brings out the doom and gloom merchants, but it is July and the market always slows down. Along with ‘an event in London’ as the excuse means that values have dropped a touch this month, everything is around 1% down.
Retail demand has all but dried up. Dealers are trying anything to get the phone to ring. A retail customer is more interested in keeping an old van on the road rather than looking for a new one at the moment, but the trade still look busy.
There is still plenty of new shape Fiesta around and they easily still achieve Trade values. Caddy values are under pressure due to the large number of 69ps models on the market. They are struggling to achieve average values, so we have adjusted them down an additional 2% this month. The new model Berlingo is also around in volume and we have applied the same adjustment to them with the exception to the L2 Crew vans but they sold easy as they were a little different. The old model Berlingo is still good news, finding a buyer every time. A Transit Connect has to be white and have the 90ps engine to get interest. Tidy odd-coloured vans have to be priced accordingly to get interest.
Transit short-wheelbase and even long-wheelbase models are available in numbers and some 11 plates are struggling to find a home. Trend and other special editions are easier to sell but they have to be in Ready to Retail condition. Traffic, Primastar and Vivaro are now a common sight for sale, but the Nissan leads the pack as there are fewer on the market and they come with slightly better specification. Transporter volumes are slowing down. An old model 1998 ’R’ registered T4 sold for £3800 last month. There are a few Crafters around and they do get interest, however there is still a big gap to a Sprinter value. There are Movanos in two colours coming through in slightly better condition than some previous batches. They’re selling but this is down to them being a big van at the right price rather than anything else. The new model Master is still very good news. Minibuses are in short supply in any guise so always get good interest.
The 4X4 market still has interest with mainly Mitsubishi models in the market along with Nissan Navara. Specification and condition dictate the best sellers.
VIPDATA is part of CDL Vehicle Information Services Ltd (CDL VIS) the vehicle data arm of CDL Group Holdings Ltd, based in Stockport, Cheshire. www.cdl.co.uk
Contact the CDL VIPDATA valuation team: