"As a direct result of the exceptionally wet weather, more new and used commercial vehicle sales have been generated over the past four months than would typically have been expected," said George Alexander, chief commercial vehicle editor at EurotaxGlass’s.
"If any vehicle suffers damage following a flood it will be subject to an insurance claim and probably rapid replacement. Where roads and fields were flooded, some owners will have seriously considered acquiring a more rugged commercial vehicle to cope with such conditions.
"We have already seen a market improvement for double-cabbed 4x4s following an earlier period of price instability."
Any positive implications of the recent inclement weather conditions are likely to be short lived.
"The improvement in sales activity is unlikely to have any lasting effect on values, as used prices for nearly all popular commercial vehicles were already pushing hard on the ceiling imposed by discounted prices on new. What this unexpected and extremely localised blip has done is to soak up any additional used stock that would have appeared during what is traditionally a slow sales period," said Alexander.
Used CV market - key trends:
Of the car-derived vans, it is Ford’s Fiesta that is in greatest demand, although models such as Renault’s Clio and Citroen’s C2 Enterprise still generate good returns.
Used panel vans
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