Motor Industry News
MyCarCheck.com/Trade Used LCV Market Overview January 2014:
Van values to stay high in Q1 as good clean stock is thin on the ground
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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 December marketplace was strong almost until the last day, with many trade buyers out looking for bargains or anything worth the money. One auction house even had a sale on Christmas Eve to try and catch the last of the buyers.
“January will probably start slowly, particularly if the bad weather persists, but should gradually build up as the month progresses. For the first half of the year we expect values to remain high, as stock will be thin on the ground again.
“As such, we have made only slight adjustments to values for January. Early in the year there will be an influx of fresh stock that the trade will snap up for retail. As we edge towards the end of the first quarter we will be back to similar stock levels but still strong values, with anything a little different making all the money.
“Small vans are good news as they are few and far between. Ford Fiesta is the most common and the trade is working out where to be with the new model. Any Fiesta Sport and Trend models will make ready to retail (RTR) values all day long.
“Vauxhall Corsa is about with some blue ones finding homes with ease. However, Vauxhall Astra van is now starting to struggle for retail buyers – although looking a little dated, it represents good value for money. The 150bhp Sportive model is still very good news if you can find one.
“There are quite a few Ford Transit Connect facelift models about and again; if clean and tidy, these make RTR values but scruffy ones are where we have them at average values.
“Most of the dark blue Volkswagen Caddy models have gone into the trade now. The good news is the next batch will be light blue and 104PS with a good specification, so an easy sell to the retail man - even if the colours aren't to everybody's taste.
“The last of the media company Vauxhall Vivaros in the market are sure to be snapped up by the trade. Although these will have a few more miles on them, they will still sell well because of the condition. Citroën Dispatch from the same home are still coming off in numbers, so values should be monitored.
“Ford Transit short wheelbase high roofs, again from a media company, are in demand, with values still strong. A bit of extra specification helps Volkswagen Transport to sell.
“Larger vans are starting to thin out with Fiat Ducato long and high making as much as the Ford Transit equivalent. That is down to supply and demand. Iveco Daily 3950wb vans are popular if you can get a tidy one with sensible miles.
“In terms of chassis cab derivatives, anything long wheelbase has the trade fighting to buy them. A 14ft drop side will have everybody’s attention when offered for sale and the same goes for Lutons.
“The 4x4 sector is still stable and the inclement weather should gee this market up a little. Don’t expect great increases in values though as there’s plenty of stock to please everyone.”
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.