{"id":7606,"date":"2015-07-03T13:43:35","date_gmt":"2015-07-03T13:43:35","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=7606"},"modified":"2015-07-03T13:43:35","modified_gmt":"2015-07-03T13:43:35","slug":"used-van-market-is-flush-with-supply-prices-weakening","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/7606","title":{"rendered":"Used van market is flush with supply, prices weakening"},"content":{"rendered":"

\"MyHeading into the summer,\u00a0a seasonal\u00a0slowdown is likely in the\u00a0used van retail market. As a result, dealers are in no rush to top up with stock except to replace sold vehicles or to grab more unusual models.<\/p>\n

That’s the view of David Hill,\u00a0LCV expert at My Car Check’s new Trade service, which provides used van valuations for trade buyers.<\/p>\n

Mr Hill says that while supply\u00a0to the market is currently ample, it’s very\u00a0repetitive. Certain models are available in volume,\u00a0but there’s little choice in other areas. Here’s a run-down of his view of\u00a0current conditions in the used van market.<\/p>\n

Small vans<\/h3>\n

As reported previously,\u00a0the Ford Fiesta Van and Vauxhall Corsavan are the pick of the field. However, ample supply means that only tidy examples\u00a0will fetch strong prices.\u00a0Prices rapidly drop off for more average examples.<\/p>\n

One step up in size, the Peugeot Partner,\u00a0Citro\u00ebn Berlingo and Volkswagen Caddy are all around\u00a0“in volume”\u00a0<\/em>according to Mr Hill. As always, this means that only retail-ready vans will fetch top prices. Apparently there’s a particular glut of\u00a0“blue 69PS”\u00a0<\/em>VW Caddies. These are presumably ex-British Gas. A decent spec means that prices are holding firm at the moment, says Mr Hill, but\u00a0values are likely to weaken as the influx continues.<\/p>\n

Medium vans<\/h3>\n

Stepping up to the Volkswagen Transport\/Ford Transit sector, it’s a similar story. While\u00a0demand for Transporters remains strong, prices are slipping for poorly-specified\u00a084 and 102PS models.\u00a0Used buyers want 140PS Highline or similar models if possible.<\/p>\n

Similarly, old-style Ford Transits and newer Transit Customs sell best in Trend and Limited specification, for which trade buyers will travel.<\/p>\n

Large vans<\/h3>\n

Supply of large panel vans remains tight. As a result, they tend to sell quickly, although prices still come under pressure\u00a0for vans\u00a0“that require body work or mechanical attention”<\/em>. If the price is too high, trade buyers will still walk away, says Mr Hill.<\/p>\n

With chassis cab models, badge\u00a0is much less important than condition:<\/p>\n

Tippers have to be clean with no tarmac or concrete in the rear. Double cabs have to have the rear seats. Drop sides are not even mileage sensitive as long as they are tidy, and it is the same for Luton variants. This is all because demand outstrips supply.<\/i><\/p><\/blockquote>\n

I’ve been watching used van prices at auction<\/a> weaken for some months, as buyers have become more discerning<\/a>. This provides further evidence from the next level up the chain that the market is softening slightly as\u00a0supply shortages start to be eroded by strong new registrations.<\/p>\n","protected":false},"excerpt":{"rendered":"

The used van market is suffering from a glut of some vans and a shortage of others, says My Car Check Trade’s LCV expert, David Hill.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[1926],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7606"}],"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=7606"}],"version-history":[{"count":1,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7606\/revisions"}],"predecessor-version":[{"id":7607,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7606\/revisions\/7607"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=7606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=7606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=7606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}