Motor Industry News
It’s March already! Business is showing signs of some fresh activity on the retail front with dealers and traders reporting that the phone isn’t broken and is starting to ring with sensible customers! Selling stock via retail means is the easy part, but buying the stock to replace it is an art at the moment. Quality retail stock is in even shorter supply and as such the price increases as dealers and traders fight for the best stock. Private buyers are still trying to cut out the middle man by thinking they are saving some money by buying at auction. In reality they are increasing the prices. Some dealers are now not attending auctions but trying to find other ways of buying stock.
Nemo, Fiorino, and Bipper have been realigned as there are so many late plate examples on the market from one liquidation source. All three are achieving similar values. A side door does make the van so much easier to sell. 207 Van values are up marginally this month with a good few in the market which are selling well. Corsa and Fiesta van values are steady with the few we have in the market finding homes at the first time of asking. Fiesta Sport van values are up 5% this month with the van proving very popular. Doblo van values on the other hand are down 5%, the retail buyer would rather have a Berlingo, Combo, or a Caddy.
Dispatch and its sister vans are again popular providing they are clean with a few extras fitted. This trend is similar across the whole mid-size van range. Anything with a decent specification will sell easily. Typical examples are Traffic Sport van. Transporter values have again increased this month by 5% with Sport-line models increasing by 10%. Large panel vans are excellent news again. The body work must need no preparation and the dashboard must be free of any costly warning lights. Anyone selling green or yellow panel vans shouldn’t expect them to sell for anything more than average values. Some late model Masters in good metallic colours such as Silver are selling for Trade and Ready To Retail values,
Transit Tippers have to be clean with low miles to sell but on the other hand Lutons will sell no matter what chassis they are based on. The 4x4 pickup market is seeing plenty of stock to choose from at the moment and everything is holding values well. Amarok’s honeymoon could soon be over. Dealers have stock of both new and used and the 122bhp model has been dropped by 10% this month as examples we have seen struggle to sell.
The used van market remains steady as we move into March, with only the above adjustments being made. The imminent bank holiday could see a drop off as it has in previous years but time will tell.
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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