Author Archives: Van Rental

Renault promises new van debuts & a ‘surprise’ at CV Show

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New 2014 Renault Trafic

The new 2014 Renault Trafic will make its world debut at the 2014 CV Show

Renault is promising to deliver one world debut, one UK debut, and a surprise in the heavy van category at this year’s CV Show, which takes place at the Birmingham NEC from 29 April to 1 May.

The firm’s sand in Hall 5 will occupy 800 square metres, and will include the world premiere of the all-new Renault Trafic, about which I reported a few days ago.

The new Trafic is due to launch in the UK later this year, and will break new ground for its class by downsizing from a 2.0-litre diesel engine to a 1.6-litre unit — unlike Ford and Volkswagen, for example which have chosen to persist with 2-litre units in the latest Transit Custom and Transporter models.

Renault is also hoping to trigger some new interest in the Twizy Cargo, on which I reported last summer.

Renault Twizy Cargo

The Renault Twizy Cargo

Order books are now open for this innovative and unusual urban single-seater electric delivery vehicle — although I’d hesitate to call it a van, I can certainly see how it could find a niche for itself in major European cities.

Indeed, the Twizy Cargo’s price tag of £6,241 +VAT makes it competitive with the cheapest of small vans — so perhaps pizza delivery firms, document couriers and other urban express delivery specialists will take it to heart?

Finally, Renault is promising a ‘heavy van surprise’ at the CV Show. Presumably this will relate to the firm’s Master model, which was last updated in 2012 — but beyond that, I’ve no idea.

Volkswagen launches most efficient Transporter van – ever

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Volkswagen Transporter BlueMotionVolkswagen has launched the most fuel efficient and low-emission variant of its Transporter panel van, ever.

The Transporter BlueMotion boasts class-leading combined fuel economy of 48.7 mpg and emissions of only 153 g/km — an improvement of 3.9 mpg and 13 g/km on the previous model Transporter BlueMotion.

These gains have been generated by modifications to the engine management system and gearbox, as well as the use of low rolling resistance tyres, a start-stop system, a battery regeneration system and cruise control.

The Transporter BlueMotion is powered by the popular 114 PS 2.0 TDI diesel engine, and could, in theory, be driven for 850 miles on a single tank of fuel.

New Volkswagen Transporter BlueMotion

The new Volkswagen Transporter BlueMotion achieves combined cycle fuel consumption of 48.7mpg

The new Transporter BlueMotion is now available to order from UK VW dealers, with prices starting at £19,245 +VAT.

EXCLUSIVE: Save 10% on Hertz van rental ONLY with VanRental.co.uk

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UK CV manufacturing down by 22.1% in February as slump continues

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The UK’s commercial vehicle manufacturing industry continued its dizzying descent in February, with volumes down by 22.1% compared to the same period last year, and by a stomach-churning 36% since January 2012, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT):

CV manufacturing Feb-13 Feb-14 % Change YTD-13 YTD-14 % Change
Total 8,005 6,235 -22.1% 15,827 12,916 -18.4%
Home 4,165 2,963 -28.9% 8,361 6,408 -23.4%
Export 3,840 3,272 -14.8% 7,466 6,508 -12.8%
% export 48.0% 52.5% 47.2% 50.4%

Data courtesy of SMMT (www.smmt.co.uk)

CV manufacturing output has now fallen for eight consecutive months. SMMT chief executive Mike Hawes tried to put a positive spin on the figures by continuing to blame them on subdued demand and industry restructuring, but the numbers increasingly don’t add up — UK CV manufacturing output is down by 18.4% so far this year, but CV registrations are up by 9.9% so far this year.

For whatever reason, UK and European buyers aren’t buying British-made CVs as much as they used to, either because vehicles that used to be made in the UK aren’t made here anymore (like the Ford Transit) or because the vehicles that are made here don’t satisfy buyers’ requirements as well as they used to. In either case, the news isn’t good, as these two graphs illustrate:

SMMT CV output February 2014

CV output rolling year and year-to-date (l-r) (courtesy of SMMT)

One possible glimmer of hope is the new Vauxhall Vivaro, which will be built at the firm’s plant in Luton and could trigger an uplift in sales as customers focus on what will be, albeit briefly, the newest van model on the market.

Bigger, better & 47mpg? New Renault Trafic & Vauxhall Vivaro break cover

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New 2014 Vauxhall Vivaro rearVauxhall and Renault have released the first pictures of their latest collaboration, the new Trafic and Vivaro vans.

Although an all-new model, the external styling is a clear evolution of the outgoing models, with the biggest changes taking place around the front of the van, where the lights, air intake, bonnet and windscreen have all been altered.

Both vans will be powered by a Renault-designed 1.6-litre diesel engine, with two variants available — a single, variable geometry turbo and a twin-turbo model, which the manufacturers’ early tests suggest could return 47mpg. Both engines offer improved low-end torque and better pick-up, giving a sharper, more responsive feel, according to Renault and Vauxhall.

Two lengths, two heights

The outgoing model was always available in two wheelbases and with a high roof option, but these were never very popular, despite their practical appeal. The new Trafic/Vivaro has grown, as new models are apt to do, and will be come in two lengths — 4,998 and 5,398 mm.

New 2014 Renault Trafic

The new 2014 Renault Trafic

There will be a high roof model, as well as passenger-carrying double cab and Combi variants, and, a little later, as a platform cab.

New 2014 Vauxhall Vivaro front

The new 2014 Vauxhall Vivaro

The vans will be built in a several places, as far as I can tell from the initial press releases. Vauxhall says that all of the standard roof models will be built at its Luton plant, which also has a conversion centre for ex-factory conversions, such as platform cabs.

Meanwhile, Renault says that it has invested more than €230m in moving production to France, suggesting that Renault-badged models and perhaps some Vauxhall-badged variants will be coming from the firm’s Sandouville factory.

More details, including interior pictures, to follow, when they become available.

 

Northgate trading in line with expectations; slow but steady growth

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Northgate Vehicle Hire logoB2B van hire specialist Northgate issued a trading update for the last three months this morning, reporting slow but steady growth in its UK van rental division. The company had 47,000 vehicles on hire as of 12 March, a 1,100 increase since the end of October.

Northgate said that it experienced the usual seasonal dip during November and December, with vehicles on hire dropping by 2,000 during this period, but that the fall had been smaller than during the same period in 2012, when vehicles on hire dropped by 2,900.

The firm’s fleet utilisation averaged 87% over the last three months, compared to 88% the previous year, but its fleet size has continued to grow, rising to 53,200 from 52,800 at the end of October — an increase of less than 1%, following the 5.8% increase seen during the previous quarter. Taken together, these figures suggest to me that Northgate needs a strong spring/summer/autumn — or its fleet expansion could start to look premature.

Financial update: Stock market followers will note that UK van rental specialist Northgate plc (LON:NTG) took something of a bath following its latest update today. The firm’s share price was down by around 6.5% in late trading, but this has to be seen in the context of its 122% gain over the last two years — a pause for breath was definitely overdue, given the firm’s pedestrian growth prospects.

Northgate says that it is trading in line with expectations, which suggest earnings per share of 33p for the year to 30 April 2014, leaving the firm’s shares on a forecast P/E of around 16, with a prospective yield of 1.6% — definitely not cheap, when its 98% gearing is taken into account.

Age is no barrier to used van demand, says Manheim

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Manheim logoThe recent upturn in new van registrations may be a welcome relief for UK van dealers, but many van operators are continuing to run vans to much higher ages and mileages than previously seen, according to vehicle auctioneers Manheim — echoing the long-running trend reported by their competitors, BCA.

Nearly half of all used vans hitting the market in February were over seven years old, according to the firm — 36% of car-derived vans, 46% of small panel vans and 45% of large panel vans (>3t). This shortage is attributed to two, related, factors — the dramatic fall in new van registrations since 2008/9, and the causal fact that many businesses have been delaying fleet renewal as long as possible in the light of tightened circumstances and questionable availability of credit — two facts which have helped support and buoy business for long-term and daily van rental companies during the same period.

Matthew Davock, head of light commercial vehicles at Manheim, says he believes the tide is turning:

“These older vans are, without doubt, the tail end of extensions and deferred replacement programmes resulting from the economic downturn. Anything sub four years in auction today is seeing significant interest, from both online and physical buyers. Fewer than three in 10 vans sold in February fell into this age bracket.”

One side effect of this has been to support the value of used vans — in an automotive market led by the UK’s obssession for new cars, constrained circumstances have forced van buyers to appreciate the value offered by older models, according to Mr Davock:

“This is not bad news for the market. Older and higher mileage vans will always find homes as they are at an attractive price point and represent excellent value. Mileage is now seemingly less of a mental barrier in retail buyers’ minds; this is likely against a backdrop of modern reliability and a comprehensive maintenance history.”

Small vans in particular have benefited from this trend — Manheim’s price data shows that the average hammer price for small vans has risen by 22% over the last year, from £3,957 a year ago to £4,846 in February 2014.

Looking ahead, based on this year’s remarkably strong start, Manheim believes that the market for used vans will remain stable for the next few months. Overall they believe the wholesale market has hit a price ceiling; while there is a chronic shortage of quality used vans at auction, conversion rates and bidding activity will remain high.

Ford rivals feel chill as blue oval bags double win in Arctic Van Test

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The new Ford Transit was the class winner in this year's Arctic Van Test

The new Ford Transit was the class winner in this year’s Arctic Van Test.

Ford’s new Transit and Transit Connect vans have earned an unprecedented double win in this year’s Arctic Van Test, which pits production models of all popular vans against each other in the Arctic conditions of winter in northern Finland.

The all-new Ford Transit and the all-new Ford Transit Connect finished first in their respective classes after competing in the punishing five-day ordeal that subjects vehicles and drivers to extreme challenges in ice, cold and snow, in the frozen north of Finland – where temperatures can drop as low as -50 C.

Expert drivers from six European commercial vehicle magazines drove all the vans taking part in the Arctic Van Test and rated the two Transits winners to deliver Ford’s first double victory in the event’s 23-year history. From slaloming across a frozen airfield, to tackling a torturous 700 kilometre route of icy, rutted roads, the Ford Transit vans won for their overall performance across categories that included fuel efficiency, load carrying, and handling.

The challenge also tests engine starting, and heating and demister operation, after vehicles have been left outside overnight in sub-freezing conditions. To see the vans in action, take a look at this video:

The all-new Ford Transit was rated top or joint-top in nine out of 13 categories against rival vehicles from Mercedes-Benz, Vauxhall and Volkswagen. The smaller all-new Ford Transit Connect was ranked top or joint-top in seven categories, and particularly impressed for its handling and stability in icy conditions, against rivals from Citroen, Renault and Volkswagen.

“The Ford vans were clear winners in very slippery conditions – a great advantage when frozen roads can be found anywhere, and not just found on the test track,” said Heikki Laurell of Auto Tekniikka ja Kuljetus magazine in Finland, which organises the annual event. “Our tests push vans to the limit, and can be quite a shock if you are not used to a Scandinavian winter.”

The all-new Ford Transit is on sale now with over 7,500 orders already taken in the UK, suggesting that it will beat the opening-year total of more than 10,000 logged by its smaller brother, the Transit Custom, in 2013.

Used van prices hit new record in February

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BCA commercial vehicle auction saleAverage used van prices hit a new record of £5,345 in February, leaving them 11% higher than one year ago, according to the latest sales figures from vehicle auctioneers BCA.

Despite the continued increase in average age and mileage, demand for used vans remains greater than supply, pushing up prices massively ahead of inflation, as these figures show:

All vans Avg Age (mnths) Avg Mileage Avg Value Sale vs CAP
Feb 2013 58.55 78,770 £4,789 103.05%
Feb 2014 60.73 81,346 £5,345 102.57%

Data courtesy of BCA (www.british-car-auctions.co.uk)

BCA’s General Manager – Commercial Vehicles, Duncan Ward, commented:

“As BCA has been reporting for many months, demand remains high for used light commercials, reflecting the improving economic messages from a variety of sources. Many small and medium-sized enterprises (SMEs) in the UK are now upbeat about their growth prospects this year and this sector is a big buyer of used light commercials. In fact, demand remains strong across the board, from car sized vans through to large panel vans and there is plenty of competition for any van presented in ready-to-retail condition.”

“This time of the year also typically sees an uplift in the building and construction industries.  As a lot of building activity was curtailed due to the wettest winter on record, we expect to see even more interest in tippers and drop sides as the weather improves in the weeks ahead.”

Recent strong growth in new van registrations should eventually feed through to the used market, but it could be 12 months or more until this really becomes apparent, suggesting that secondary market demand will remain very strong through the spring and summer of 2014.

Thrifty Car & Van Rental opens Bolton branch

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Thrifty Car & Van Rental logoThrifty Car and Van Rental has opened a new branch in Bolton, offering a full selection of cars and vans for hire, including automatic and manual models.

Thrifty offers a comprehensive range of vans, including economy (e.g. MINI Clubvan), compact (e.g. Ford Transit Connect), short and long wheelbase panel vans (e.g. Ford Transit), extra-long wheelbase vans (e.g. Mercedes Sprinter XLWB) and luton box vans with tail lifts.

The new branch is situated on Raikes Lane which is just off Set Peter’s Way (A666), on the south side of Bolton town centre.

The full address is:

Unit 1B,
Raikes Lane,
Bolton,
BL13 1RP

You can find full details of the new branch, including sat nav coordinates and a map, on our Bolton Thrifty branch page.