Motor Industry News
MyCarCheck.com top tips for used van buyers: Three wise buys of 2014
… Transporter, Sprinter and Transit Custom
MyCarCheck.com — the UK’s No.1 consumer vehicle data provider, has saved millions of people from making an expensive used car mistake. In these monthly bulletins our light commercial vehicle (LCV) expert reveals significant trends in the UK market and suggests three wise buys — this month, the best of 2014.
- Highly desirable: Volkswagen Transporter
- Safe bet: Mercedes Benz Sprinter
- Used star: Ford Transit Custom
MyCarCheck.com’s LCV expert, David Hill, commented: “As the market goes quiet for the festive period, now is a good time to reflect on a busy year in the LCV world… and to look forward to a plethora of exciting new models hitting the used market next year. So, what were the standout vans of 2014?
“Our highly desirable model of 2014 is the Volkswagen Transporter. This van is THE used LCV that retail buyers want on their drive. The current model still looks modern, despite being nearly five years old. Even with a new model due next year, if the prices being paid for previous model T4s are anything to go by, residual values will remain incredibly strong. As always, it is worth checking to make sure the one you’re looking at hasn’t been clocked or written off, especially when buying privately.
“In terms of vans that hold their value, safe bets don’t come much safer than the Mercedes Benz Sprinter. In demand all year round, if you need a bigger van with no dramas, when it comes to used prices and disposability, then look no further. As always, the key is to do your homework, check the history and buy at the right price.
“For our ‘used star’ of the year we’ve gone for the Ford Transit Custom, especially Trend or Limited models. Slightly less expensive than the Volkswagen Transporter, these are well built, look good and drive well. We’re seeing more of them coming into the used marketplace now and they generally represent great value for money. When it comes to negotiating, remember, as well as revealing a van’s history, MyCarCheck.com also provides vehicle valuations — a great tool for haggling with dealers or private sellers.”
As to market trends, Hill commented: “2014 was always likely to be a decent but challenging year for the used van market, and so it proved. We have constantly been asking: When is the volume coming and when will prices level out? We never did get the answers.
“Values are slowing now, almost certainly due to the time of year. As for volume, that surely has to arrive at the beginning of the New Year. If buying, as always, if stock looks too cheap then there’s probably a reason.
“In the small panel van sector there has been a bit of volume. Some Vauxhall Corsa vans are about and finding homes. Ford Fiesta is thinner on the ground but there’s just enough to satisfy the marketplace. Values are sliding a touch on Fiat Fiorino and its sisters, Peugeot Bipper and Citroën Nemo, as we have quite a few in the marketplace — ones without a side loading door (SLD) are suffering the most.
“The marketplace is still dominated with Renault Kangoos from the demise of the parts business. Our information is we’re only halfway through the mountain of vans from that source. Values have dropped a touch, but the last batch will be the test. Volkswagen Caddy is also suffering from a bit of volume as 75ps models don’t seem at all desirable – to the extent that we’ve adjusted values down on that specific model this month. A nice Caddy, in a good colour with some extras should still sell well. There’s also a bit of volume on Citroën Berlingo and its stable mates, which again is putting values under pressure.
“The Nissan NV 200 is generally considered to be a good reliable retail van. It is in the market now and values are under some pressure, but should ease as the volume subsides. Mercedes Vito is very popular and can sell at any age or mileage. Volkswagen Transporter remains the dominant model in the small panel van market, but as volume increases the gap between a bog standard van and a highline specification might well start to grow.
“Short wheelbase Ford Transits are also still popular and prices are standing firm. With the new Ford Transit Custom coming into the market, base model values are under pressure. A bit like the VW Transporter, retail buyers want some extras, so Trend and Sport models are great… if you can find one!
“Larger panel van sales are still going strong — the bigger the better as retail businesses are looking to carry as much as possible. Ford Transit long wheelbase or Jumbo, if tidy, should sell easily. Volkswagen Crafter is also usually a good seller, but these have to be clean and ideally with low mileage. A nice Fiat Ducato long wheelbase and high roof will likely have the trade fighting over it, as they look to add something different to the forecourt.
“The 4x4 market is on the up. It’s that time of year and the average retail buyer will have a vast selection to choose from. Mitsubishi L200 is probably still the most common and best value for money, although Toyota Hi-Lux is a popular choice too. We are now seeing more VW Amarok in the market, with values a bit hit and miss. These look to be colour-sensitive. Although metallic toffee brown is one of the best-selling colours in Europe, it is not such a winner here in the UK.”
MyCarCheck.com’s parent company, CDL Vehicle Information Services, performs over a million look-ups a day for companies including AutoExpress, CompareTheMarket, Confused.com, Go-Compare, Moneysupermarket, Swiftcover, Tesco Compare and WhatCar?.
It uses up-to-the-minute data from the Police (NPIA — previously known as the Police National Computer or PNC), the Driver and Vehicle Licensing Agency (DVLA), the Association of British Insurers (ABI) and major finance houses, including Lloyds TSB and Santander.
To help UK consumers make the right choice, MyCarCheck.com can confirm in seconds whether your potential pride and joy has ever been scrapped, stolen or written-off, has any money owing on it, has had a plate or colour change and much more.
Know what you’re getting into: MyCarCheck.com