Shoreham Vehicle Auctions has seen buyer interest and demand in used light commercial vehicles remain extremely strong in August, gradually going against the trend of a traditional summer slowdown in the market.
Although the Lancing-based auction house has seen a slight seasonal dip in activity, this only occurred during a relatively short period in July. Shoreham has credited increased retail activity on dealer forecourts for the interest spike in LCVs throughout August, with buyers turning towards the auction houses to replenish stock levels.
The steady supply of LCVs in good condition coming into the market in August has therefore been well received, although prices have experienced the usual seasonal adjustment due to a relative lack of demand.
These are expected to increase significantly in September and October when larger volumes enter the market, especially from fleets and leasing companies defleeting vehicles during the plate change period.
The south-coast auctioneers are confident the post-summer upturn in demand for LCVs has already started, with a buoyant and stable market continuing through the busy new registration period and towards the end of 2016.
Tim Spencer, commercial vehicle sales manager at Shoreham said: “Increasing interest in LCVs and specialist, ex-utility stock at Shoreham means the overall impact of seasonality has remained minimal for us this year. This has allowed our buyer base to source the exact stock they require from an increasingly large selection of vehicles at this time of the year, albeit in a relatively calm market.”