Motor Industry News
December 2012 Used LCV Market Editorial
The LCV marketplace is in a strange mood at the moment. The market knows that the Christmas break is around the corner and they know that trade and retail sales will slow down, but traders are still attending auctions as normal just in case they are missing anything.
The market is slow and stock is thinning out now. We still have some duplicate stock for sale and as always anything different will sell easily trade or retail. Savvy buyers will do what we always advise should the cash flow allow, buy in December ready for January. This year we can say with some confidence that stock will be short at least at the start of next year. You only need to look at registrations for the beginning of 2010 to see that 3 year old stock will be in shorter supply and with higher mileages, something we are going to have to live with over the next few years. This will of course increase desirability of anything low mileage. Values this month have remained flat with a few exceptions.
Corsa and Fiesta vans have all but dried up and values remain steady. Nemo and family values have dropped by 3%. It’s a van that doesn’t really fill a gap. Berlingo and its stable mates remain unchanged. With a bit of specification, they are better retail sellers. Transit Connect and Caddy retail demand is good whatever the colour, so values again are up 4% this month. Caddy Maxi Life joins the commercial valuation product this month, and values remain strong.
Larger vans such as Transit short wheelbase models are plentiful and the trade can pick and choose, anything with damage will get left behind, but values hold up. Vivaro and the family are around in numbers but are still finding buyers with yellow, red and even green ones finding retail buyers. Transporter T5 is still attracting plenty of interest both trade and retail. Any visible extras make all the difference, and we did see a 2001 Y-plate T4 Transporter with 141000 miles achieve £1700 recently.
Scudo and its sisters are all steady in the market with no great volumes to report. Toyota Hi-Ace will always find a home and are now even a little desirable.
Larger, older model Sprinter long wheelbase vans are plentiful with most achieving Trade values. The volume of newer models coming into the market will push values down, but they still look good value for money.
4x4 Market doesn’t really have a season now as we have so many in the open market, and this isn’t always specification driven. Your average 4x4 driver is going to class the supermarket car park as off-roading so they want all the toys, but a practical buyer isn’t that bothered and just wants to go up hills with sheep in the back, so the toys are just in the way.
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
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