Motor Industry News
MyCarCheck.com/Trade Used LCV Market Overview Dec 2013:
Van values remain strong as buyers seek year-end bargains
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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: “November was another strong month for used van values, with the trade still out in force buying stock. Dealers keep telling us the retail market is slowing, which begs the question: where is all the stock going then?
“December is traditionally a quiet month and some of the major leasing companies are getting smart and holding stock until January, when the market always picks up. The values they have been achieving towards the end of this year mean that they can afford to hold on to stock.
“Meanwhile, the trade will be looking for those elusive seasonal bargains from vendors that dump stock to make their year-end balance sheets look good. This is a dangerous game because values usually get stronger at the start of the year.
“In terms of small vans, Ford Fiestas from an energy utility company are selling better in white than orange – they are of a good specification with air conditioning and parking sensors. Vauxhall Corsas are a little thin on the ground, so even a few petrol derivatives are finding homes.
“Peugeot 207 van values are down a little this month, simply due to the number of them in the market at the moment. Vauxhall Combo old model remains very popular, with values holding firm. SE and crew van models are most desirable and the new model Combo has also started filtering through into the used market. The trade is very happy to take them on.
“Its sister van, the Fiat Doblo, is also popular but needs to be sub 70,000 miles to attract the retail buyer. Ford Connect is still good news and the new model about to hit showrooms is sure to be a winner – it looks really well built.
“Volkswagen Caddy needs to be watched as values are fluctuating according to local factors – 140bhp and DSG models are no problem. Citroën Dispatch models are the latest vans to come from Sky with a big roof rack and internal racking – these have been wrapped from new so the bodywork is usually in great condition. They are finding homes easily.
“Mercedes Benz Vito is good news and Dualiner is even better, if you can find a low mileage example. Hyundai iLoad is slipping into the market and we have adjusted values up to reflect this. It is a good van that has retail appeal and the trade isn’t frightened to buy them.
“Volkswagen Transporter will sell but, similar to Caddy, trade buyers are able to pick and choose. New Ford Transit Custom is becoming available and values are where we put them. As ever, the Trend and Limited models are the ones everybody wants. It’s the same in the other Ford Transit range – Sport and Trend are the models the retail man wants.
“The 4x4 market is picking up steam as we get the first cold snap. Even though we still have some volume from Mitsubishi and Toyota, all models and age ranges are finding buyers. At this time of year even a cheap tatty example will find a home, even if it’s just to be run until the weather breaks.”
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 van, car 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 35 years’ experience in used car valuations. After a decade running a franchised dealership he spent 20 years at CAP where he was Senior Editor of the Black and Red books and co-founder of the Green book, then two years as editor of Parkers Guide before co-founding VIP Data valuation services.
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.