Motor Industry News
MyCarCheck.com/Trade Used LCV Market Overview July 2014:
Traders and retailers content despite lack of small van choice
- Unlimited car, van & motorcycle valuations for £99.99+VAT a year
- Accessible via smartphones and desktop
- For further details visit: www.mycarcheck.com/trade
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: “June started off slowly but soon gathered momentum and most traders and retailers seem fairly content. The football didn’t have as much of an impact as some feared, probably thanks to England’s early exit. We expect business to start winding down towards the end of the July. Buyers will still be looking for bargains but most remarketing outlets will hold stock for a month to maximise prices. The job will pick up again in September.
“In the small van sector, there’s still not a great deal of choice, so anything nice will make trade or even ready to retail values. Citroën Nemo and its sister vans are around in good specification, although those with at least one side load door are much easier to sell. There’s some volume on Citroën Berlingo and Peugeot Partner, with certain models initially looking great value until you realise they are six years old! Volkswagen Caddy is suffering a little with volume and, as always, the 69bhp is the model nobody wants. On the other hand, the 140bhp model with DSG gearbox goes on and on. Mercedes Benz Citan is starting to appear in the open market and we have adjusted the values this month to reflect that.
“In terms of larger vans, the market is still dominated by Citroën Dispatch from a media company. These have been wrapped from new so usually have very clean bodywork. Vauxhall Vivaro is still popular, although now an outgoing model. There are a few about in the lovely peppermint green colour which, although very clean and well maintained, puts them £500 behind the relevant guide price. Volkswagen Transporter is still good news but the trade should be wary of the T28 85bhp model as that is the last one on the retail buyer’s shopping list. With this product, if it's clean and tidy the mileage doesn’t seem to matter.
“Larger panel vans are a little up and down so mileage and condition are critical. For example, on Mercedes Benz Sprinter, a nice short wheelbase will currently make as much as an average long wheelbase. A long wheelbase Ford Transit has to be tidy now to make all the money. We’ve seen both long and medium Volkswagen Crafter in the marketplace and, while values are okay at the moment, another influx will rock the boat.
“The 4x4 market is just not happening at the moment. Luckily the stock looks to have dried up for now, meaning that the few we do have in the market are finding homes.”
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.