Motor Industry News
MyCarCheck.com/Trade Used LCV Market Overview May 2013: Trade and private buyers fight for older Ford Transits in orange
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MyCarCheck.com/Trade is the trade valuations arm of CDL Vehicle Information Services. Based on cutting-edge industry data and feedback from independent and franchised dealers, these monthly bulletins highlight the most significant trends in the UK light commercial vehicle (LCV) market.
MyCarCheck.com/Trade’s LCV expert, David Hill, commented: “As predicted, April started slowly but gradually gained momentum as the month progressed. Volume is still the main issue with good clean retail stock in very short supply. Buyers have to pay ‘ready to retail’ money for anything vaguely fitting the criteria. Any damage is likely to put the trade off though, as the cost of repairs and materials has rocketed.
“Older Ford Transits in orange from a well-known recovery company have trade and private buyers fighting for them, but from the same source Volkswagen Transporters are achieving £1,500 more than the equivalent Transit. Older Volkswagen Transporter prices are still rising due to high retail demand. On T4 and early T5 especially, a lot of the demand comes from buyers wanting to convert them into lifestyle vans.
“4x4 values are down by up to 5%, although not on the Isuzu or the Great Wall Steed. Mitsubishi is in the market with almost every specification and colour available, and there are plenty of Nissan Navaras about too.
“Some leading manufacturers used the Commercial Vehicle Show at the NEC to show off ‘coming soon’ vehicles and technology. Ford made by far the biggest splash with three all-new models. The new Transit Connect in particular looks to be a real winner.
“With manufacturers getting wise to advertising new vans on a ‘price per month’ basis, rather than a discounted headline figure, this will help late values. Smaller used vans are still finding buyers and, as always, anything with a bit of specification (such as a Ford Fiesta sport van in a good colour) will sell quickly and at a premium. The same applies to SRI Vauxhall Corsa.
“Volkswagen Caddy has some volume and we have eased values back slightly this month. Ford Transit Connects are still finding buyers in any colour, but the silver ones tend to sell first. Citroen Berlingo still has volume but needs to have the side-loading door.
“The larger panel van segment has run of the mill stock, with plenty of white Vauxhall Vivaros around. These are still finding homes because it is an ideal van for any new start-up business. Some late plate Ford Transit panel vans are entering the market and trade buyers are snapping them up for good retail stock.
“Tippers apart, any chassis product is good news, with consumers taking whatever badge is on the front if it has the right body specification. We also expect the bus sector to pick up as the summer progresses.”
MyCarCheck.com/Trade provides buyers and sellers with all the vehicle price data they need: ready to retail, trade, average, retail and Cat D. As a free bonus, it also provides the annual road tax cost and key DVLA information, including the make, model, colour, engine size, body style, fuel type and date of registration.
Simply enter a car, van or motorcycle registration and the vehicle’s mileage to get an accurate valuation and additional information in an instant. Once signed up you can check as many vehicles as you like at no extra cost.
The MyCarCheck.com/Trade team includes:
Gavin Amos has 15 years’ experience in the used vehicle sector. After starting out at CAP he worked in several dealerships, progressing into management. He has hands-on experience of sourcing and disposing of stock, both to trade and retail customers.
Alan Senior has spent 34 years in used vehicle valuations. In 17 years at CAP he was Senior Editor for both the Black and Red books.
David Hill specialises in LCVs. He worked with Renault, LDV and Isuzu Trucks before spending 10 years as CAP’s Light Commercial Vehicle Editor then 5 years as national used vehicle sales manager for Iveco. He joined CDL in 2011.
Rob Hobson specialises in motorbikes and scooters. After leaving a dealer role to launch CAP’s Green Book, he worked in business development for Piaggio.
Gerry Clancy specialises in motor auctions. He has been selling trade valuation products since 1997 with both CAP and Glass’s.