03 Oct 2011
October 2011 LCV Market Report
The stock shortage is starting to show now with some auctions over and done with a good hour before they would be normally end. Prices are very steady at the moment with late low mileage stock finding buyers the first time they are offered. Vendors are confident that should the van not sell first time round, they will hold back and offer it again in another sale.
There are plenty of small vans such as Kangoo and new Berlingo available in the market, but due to ther shortage of overall stock, prices are not being affected too much, VW Caddy new model values are very firm and we have increased the values on them by 5% this month . Plenty of Ford Transit Connect vans are around but again values are remaining steady.
We are now seeing a number of new model VW Transporter's hit the market. Those with service history that require no work are achieving RTR figures, those without history and in need of preparation are selling at trade price, Renault Traffic is performing in the same manner providing it's in a factory colour, There are some old LDV Pilots 6 Seaters around and these are creating plenty of interest.
Sprinter is still king of the pile amongst large vans. We have lifted values again this month by 7% on LWB models, they have to be very tidy to get to RTR value, but always make at least Trade money, Transit LWB van's are around in volume but almost all of them are finding homes, and as with the Pilots some LDV Convoys with Gas conversions are again getting some interest but most of these were at a southern auction.
We have included New Euro V Ford Transit values in this month's product. The values have seen a lift of around £500 over the outgoing model, Daylight Running Lights and Silver grill the only obvious visual changes.