Motor Industry News
MyCarCheck.com/Trade Used LCV Market Overview July 2013:
Summer stock drought but Mitsubishi L200 4x4 remains abundant
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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: “The market has slowed down as it should do at this time of year. We have lowered values by 1% for July. Retailers are complaining that the phone has stopped ringing, but this is perhaps a sign that business has been fairly good over the last few months. Over the summer we will see less stock coming into the market and even the duplicate stock will dry up. It will be harder to buy stock until the back end of the year.
“In terms of small vans, we have some Vauxhall Corsa models coming from a utility company in various shades of blue – these are finding homes easily. The Sport derivative of Ford Fiesta remains popular with even high-mileage examples achieving trade values if clean and tidy. Renault Clio and Peugeot 207 vans are practically non-existent – if you see one, buy it!
“Volkswagen Caddy vans are making a comeback, but with some noticeable price differences depending on where they are for sale. Ford Transit Connect is still good news in any colour and Trend models are excellent news. Citroen Berlingo and Peugeot Partner are around in volume and still finding buyers. Fiat Doblo is also making a comeback, but the right specification and a silver colour will help. Fiat Scudo and its stablemates are OK but better with a few goodies on.
“Mercedes Vito low-mileage examples are hard to find and you have to give all the money for them. Crew van dual liners in general are very well sought after. Volkswagen Transporter is still top of the shopping list – for a 140BHP model in a good colour with a DSG gearbox you are well into ready to retail values, whatever the mileage, so long as it’s clean. Transporter Shuttle and Kombis are also great news.
“Ford Transit vans remain in good supply with 280 short mediums the most common – if remarketed well, values are still steady. On the Vauxhall Vivaro we are coming to the end of the TV vans now, but the trade still has retail homes for them with larger panel vans in short supply.
“A long and high Mercedes Benz Sprinter with low mileage will set you back trade value at least. Higher mileage examples tend not to be in clean condition, or are multi-coloured, so values suffer. Ford Transit long wheelbase high roof models also have to be clean and tidy, and the same goes for Fiat Ducato – if they are, then they easily achieve trade money.
“Late-plate Renault Masters appearing in the marketplace from a national daily rental company are proving popular with trade buyers. They appeal as something a bit different and come with a good specification.
“The 4x4 market is very slow. With an abundance of Mitsubishi L200 in the marketplace, values are again down across all manufacturers. The only good news is we have seen some Mitsubishi ASX 4x4 vans that achieved trade values – in fact the trade were fighting for them.
“Chassis is still good news. Tippers are the only area of caution, anything else is an easy sell. The minibus market is slow and with the new driver Certificate of Professional Competence (CPC) rules expected in September it may be a few months before this segment sorts itself out.”
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.