Used light commercial vehicle market buoyant over summer
Published: 12 September, 2016
The used light commercial vehicle market remained strong this summer, bucking the trend of a traditional summer slowdown in the market, said Shoreham Vehicle Auctions.
The Lancing-based auction house reported only a slight seasonal dip in activity for a short period in July. It credits increased activity on a good supply of LCVs in good condition coming into the market in August. However, prices have experienced the usual seasonal fall due to a relative lack of demand.
These are expected to increase significantly in September and October when even 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.
‘Increasing interest in LCVs and specialist, ex-utility stock at Shoreham means the overall impact of seasonality has remained minimal for us this year,’ said Tim Spencer, commercial vehicle sales manager at Shoreham.
‘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.’