Motor Industry News
MyCarCheck.com/Trade Used LCV Market Overview August 2014:
Prices steady during summer slowdown + be alert to 4x4 bargains
- Unlimited car, van & motorcycle valuations for £99.99+VAT a year
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- 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: “July sales faded mid-month as predicted but prices remain steady despite the market going quiet.
Traders continue to search for those elusive bargains, but many of the disposal people are away on holiday. We don’t expect the market to pick up until the schools go back and even then it will probably build up slowly. By mid-September it will be busy again.
“Supply is short when it comes to small vans. Since the few Peugeot 207s around were snapped up by the trade there has been little else to fill those empty spaces.
“In terms of car-derived vans, Ford Transit Connect is still selling well. If straight, mileage doesn’t look to be a problem with these – they mostly find homes at the first time of asking. Volkswagen Caddy on the other hand is struggling a little. Even some 140bhp models in white aren’t achieving average values, while 60bhp models are really off the pace as retail buyers just aren’t interested in them. Some new-shape Renault Kangoos are entering the marketplace and we are monitoring these values closely. The first ones haven’t made much of a premium on the outgoing models.
“Anything in the larger van sector is generally pretty good news for the trade. Citroen Dispatch still has the biggest volume and Vauxhall Vivaro is still good value. In recent weeks we have seen some of the last media vans and the running out of the Ford Transit 280 medium roofs. Also gone for a while are the orange Ford Transits from the roadside recovery company. Rest assured though, replacements for all these vehicles will soon be in the marketplace.
“Larger panel van sales have been hit by the seasonal slowdown. We have a few long wheelbase Mercedes Sprinters in the marketplace – the clean ones will go first time but the ones that need work are struggling. The same can be said for its stable mate, the VW Crafter – a few in the market that were high mileage but straight, they all sold at trade values. We’ve also seen some refurbished Fiat Ducato vans achieving between trade and average values, depending on mileage.
“The 4x4 market has steadied now, although there’s still a little bit of export on some older Toyota Hi Lux that is distorting the picture. On the whole this is the one sector of the market where you could really grab a bargain.”
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.