Commercial vehicle dealers are enjoying a
traditionally robust start to the year’s first quarter, as small
businesses seek to buy vans before the end of the tax year.
Manheim Auctions has reported brisk business
in the past few weeks at its seven CV auction halls – while a large
number of end-users are buying direct at auction, dealers remain
busy due to businesses investing in replacement vans.
Go deeper with GlobalData
Late plate, low-mileage vehicles are, as
usual, in short supply, which has increased prices substantially.
Tippers have also been competed for hotly at auction, leading to
speculation that a recovery in the building industry is under
way.
The buoyant market has not, however, benefited
all traders. Some are struggling to fill their sites to capacity
because of the high auction prices, with others reporting they have
only half their usual stock on site.
Manheim auctioneer Tim Spencer told Motor
Finance that he expected the market to remain strong over the
next few weeks, with a dip around the clutch of bank holidays at
the end of April. Thereafter he predicts another strong surge
before the seasonal drop off at the start of the summer
holidays.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
