Motor Industry News
Fresh stock sparks return to brisk business following summer lull
Price fluctuations on Ford Transit vans are driving the trade mad” - David Hill
My Car Check 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.
My Car Check Trade’s LCV expert, David Hill, commented: “Overall, August was as quiet as usual, with a flurry of activity in the middle of the month. The market will pick up now as traders and retailers source stock for the end of year rush. Q4 could be very busy as we finally have some fresh stock.
“The stock shortage in the small van sector persists, so the usual suspects still dominate. The car derived van (CDV) market on the other hand is still flooded. Citroën Nemo and Peugeot Bipper have to have a side load door (SLD) and air-con to get any interest at average guide values.
“Citroën Berlingo is still the number one van in its sector, with the Enterprise edition especially desirable. Despite the air-con and electric packs, values are already slipping on the 69ps and 104ps light blue Volkswagen Caddy models from the utility sector, purely due to volume. Mercedes Benz Vito is also around in volume, with buyers picking the cleaner ones first and the scruffier ones having to go again. Citroen Dispatch and Fiat Scudo are both a little thin on the ground at the moment.
“Price fluctuations on Ford Transit vans are driving the trade mad. Short wheelbase, semi high-roof Transits will make trade values all day long, so long as they’re tidy with OK mileage. The same goes for long wheelbase derivatives, but a shortage of Jumbo stock is driving values up.
“Vauxhall Vivaro and Renault Trafic new shape models are now entering the used market. Trade buyers are still a little wary of these values, given the prices of brand new models. This, however, hasn’t put too much of a dent in the value of older variants. Crew van and passenger examples, in particular, are still very popular.
“There is still a shortage of quality stock in the larger panel van sector and, as with chassis cab derivatives, purchasing decisions here are not so badge sensitive. While a retail buyer might aspire to a Mercedes Benz Sprinter, their budget often forces them to consider alternatives.
“The 4x4 market is still slow. Thanks to the export market, even super high mileage double cabs are still performing well against guide prices.”