Motor Industry News
The Market is now showing signs of some stock shortages. Yes, we still have some of the run-of-the-mill stock around but dealers are being very picky about what they want to buy, as the retail man has all but disappeared. Values are steady, so we have adjusted values down by 1% across the board this month. September wasn’t a bad month for values but we think the market will remain slow in October.
Auction sales still have plenty of people looking at stock and if it is in Trade condition or above, it will sell easily. Some vendors are taking a chance and having vehicles cleaned prior to sale and it is helping to sell the stock and covering the cost of the valet with the better sales price.
It looks like the catalytic converter thefts are back. They are put in a container and sent abroad; Sprinter and Iveco Daily are prime targets.
Supply of small vans is slowing down. Fiesta and Corsa still have the most choice with 206 and 207 still hard to find. Transit Connect is around in numbers and this is now starting to affect values. Berlingo and Partner are down 3% this month which is down to volume. Crew vans are hard to find but still good news. Caddy is around in volume again and 69PS models have to be nice and clean, low mileage and the right money as the retail customer wants a 104 PS model. Caddy Maxi are plentiful now so the values are steady.
Vivaro and its stable mates are around in volume but still finding homes. We have even seen a 200,000 mile example sell with lots of interest. Crew van and sport values have been increased this month. Transit Short Wheelbase models are OK but Long and High versions are struggling to find buyers. There are some Orange Transits and Transporters around with a £2000 difference in price. Sprinters are still about in volume, but values are staying steady with even multi-coloured ones finding buyers. Chassis variants in any guise are good news but again have to be tidy or ready to retail condition. Lutons are especially rare.
There are plenty of 4x4 pickups to choose from. The only one missing is Amarok, if you do see one in an open sale you’ll have to fight for it