Motor Industry News
MyCarCheck.com/Trade Used LCV Market Overview January 2015:
Condition is king as fresh and varied van stock finally arrives
- 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: “We expect January to start slowly and gradually build back up to where we were at the start of November. Some companies have held stock over from last year, so we should see the trade getting busy as fresh and varied stock enters the marketplace. Condition remains the trade buyer’s number one priority, over age and mileage.
“In the small van sector, the remnants of the ex-parts company Renault Kangoos are still coming through. We should see the end of these by the start of April. Citroën Nemo, Peugeot Bipper and Fiat Fiorino usually need to have some specification and a side load door (SLD) to appeal to retail buyers. Likewise, Volkswagen Caddy needs to be at least 102bhp with SLD to get much interest.
“Fiat Scudo and its sister vans are generally good news as they are a decent size, have ‘drive appeal’ and are down on numbers in the marketplace at the moment. Mercedes Benz Vito is also good news, although, while mileage is not critical, they must have sound bodywork. A nice Hyundai iLoad is worth watching out for as they are few and far between and the Crew van has a retail following.
“In the panel van sector, the Volkswagen Transporter often still tops the retail buyer’s shopping list. Standard vans are okay but anything with a bit of specification should sell easily and at good money. Any late plate Ford Transit short wheelbase (SWB) panel vans should be snapped up quickly. Ford Transit Custom is also popular, although ECOnetic models are not the best unless you need a speed limiter – if necessary, these can be lifted off at a main dealer.
“Long wheelbase (LWB) vans are selling well regardless of the badge on the front. Mercedes Benz Sprinters usually have to have tidy bodywork to create any interest. If you can see past the colour, the yellow and green Transits can represent great value for money and tend to be quite low mileage.
“Practically any chassis cab derivative will generate interest simply because there are so few in the market. Straight Lutons will achieve trade or even ready to retail values. Tippers usually have to be tidy and crew cab models generally must have the seats in the back.
“The 4x4 market is back in full swing. There’s not a plethora of stock in the marketplace, but enough for the trade to pick and choose models and specification. Low spec double cabs are particularly undesirable and there’s a glut of white Toyota Hi Lux basic double cabs about to hit the market. Any single cab versions should have buyers buzzing around them.”
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.
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.