Fleet News

We're out of the summer doldrums

By Alex Wright, group commercial manager, Manheim Auctions

'THE light commercial vehicle market has come out of the summer doldrums and the auction halls are noticeably busier with buyers clamouring for quality stock, which at present is in short supply.

This time of the year is typically busy with companies on the look-out for quality delivery vehicles to enable them to meet demand for the Christmas rush.

September, October and November are typically the best performing months of the year and it looks as though 2003 is going to be no exception to this unwritten rule.

All short wheelbase vans have been performing well, with the Transit 280 and Sprinter worthy of note and the VW LT28 has been absolutely flying out of the auctions. 4x4 double cabs have also been performing well, most notably the Ford Ranger 4x4.

The supply of ex-Royal Mail vans has been steady and prices have risen by about £200 per vehicle over the last two weeks.

Well maintained vehicles between two and four years old, with less than 70,000 miles on the clock remain in short supply and the demand for them has shown they can out-perform the books by a hefty margin.

In the last two weeks, there has been a confidence in the market among buying traders and a positive air in the auction halls. We have not seen this remarkably positive nature for a good few months – long may it continue.

Sample prices: Colchester

01Y Ford Transit 350 RWD 2.4TDI 90PS LWB m/roof 31,000 miles £8000
01Y Ford Transit 350 RWD 2.4TDI 90PS LWB M/roof 68,000 miles £7750
98S Mercedes-Benz Vito 108D 99,000 miles £4500
01Y Iveco 35S11 100,000 miles £5700
01Y Iveco Daily 29L9 3000WB SWB L/R 24,000 miles £5250
01Y Vauxhall Movano 3.5T LWB H/R 2.5D 42,000 miles £6950
0OW Toyota Hi-Ace GS SWB L/R 116,000 miles £4400
00W Mazda E2200 SWB L/R 69,000 miles £4725

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