{"id":7529,"date":"2015-06-09T05:34:13","date_gmt":"2015-06-09T05:34:13","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=7529"},"modified":"2015-06-09T05:34:13","modified_gmt":"2015-06-09T05:34:13","slug":"missing-mot-could-cost-400-as-used-van-market-stumbles","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/7529","title":{"rendered":"Missing MOT could cost \u00a3400 as used van market stumbles"},"content":{"rendered":"
\"James

James Davis, head of commercial vehicles at Manheim<\/p><\/div>\n

When we are faced with\u00a0an abundant choice of similar options, we tend to become choosy,\u00a0dismissing good examples in favour of perfection.<\/p>\n

So it is in the used van market, where auctioneers Manheim report that\u00a0used vans with little or no MOT can fetch as much as \u00a3400 less than their freshly-tested counterparts.<\/p>\n

Of course, there’s another reason for this too.<\/p>\n

The lack of a fresh MOT on a used vehicle\u00a0is sometimes a classic warning that there’s something wrong with it. Perhaps an MOT won’t be possible without major expenditure. Or perhaps the previous owner has a lazy and inadequate approach to maintenance.<\/p>\n

You don’t know — but if you’ve got any sense, you buy another used vehicle,\u00a0which does have a new MOT.<\/p>\n

Commenting on this issue, James Davis, Manheim Director of Commercial Vehicles, said:<\/p>\n

In recent years, our buyers have increasingly scrutinised van provenance, including detail of service history and number of spare keys. Now, length of MOT can be added to that list. <\/i><\/p><\/blockquote>\n

Mr Davis also\u00a0confirmed\u00a0my belief in the importance of a fresh MOT when buying used, observing that some vendors may\u00a0have an ulterior motive for omitting to\u00a0test newly de-fleeted vehicles:<\/p>\n

I would add a further note of caution. Vendors who de-fleet based on an uneconomical mechanical repair or a pre-MOT test failure must pass this detailed knowledge onto their remarketing provider so it can be declared transparently at the time of sale. <\/i><\/p><\/blockquote>\n

Price action?<\/h3>\n

Manheim’s latest\u00a0market analysis\u00a0says that\u00a0average used van sale prices rose by \u00a319 to \u00a34,109 in May. But this is a statistical smokescreen.<\/p>\n

Average mileage fell by 2,670 miles, while average age fell a whopping seven months to 66 months. In other words, the average price, adjusted for age and mileage, fell in May. Possibly significantly.<\/p>\n

If you’re wondering, Manheim says that the big fall in average mileage was due to lots of ex-fleet utility and distribution vans falling out of the numbers. Utilities, in particular, tend to keep their vans for longer than some users. Mileage is often modest and the vans are usually heavily-kitted out in the back,\u00a0so longer ownership makes more\u00a0financial sense.<\/p>\n

Although Manheim is reporting that demand for used vans remains healthy, prices are clearly under sustained pressure. It will be interesting to see how the market copes over the summer season.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Used van prices are falling when adjusted for age and mileage. Condition and MOT also have a strong influence on saleability, says Manheim.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7529"}],"collection":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/comments?post=7529"}],"version-history":[{"count":1,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7529\/revisions"}],"predecessor-version":[{"id":7530,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7529\/revisions\/7530"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=7529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=7529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=7529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}