Enterprise feeling pinch, reveals LCV recognition league desk
The used LCV market has turn into extremely fragmented attributable to smaller companies’ warning over rates of interest and cashflow when contemplating alternative vans and pick-ups.
Because of this, no single kind of LCV dominates Aston Barclay’s June desirability index as sellers concentrate on sourcing extra reasonably priced choices for his or her clients.
Heading the index is the Citroen Relay, adopted by the VW Amarok and the Mercedes Vito. The presence of a giant panel van, a pick-up, and a mid-size panel van within the prime three highlights the present fragmentation of the market.
The index options 4 medium-size LCVs: the Mercedes Vito, Mercedes Citan, VW Transporter, and Ford Transit Customized. In the meantime, the Citroen Relay, Peugeot Boxer, and IVECO Every day point out sustained demand for bigger panel vans. Moreover, three pick-ups -the VW Amarok, Toyota HiLux, and Isuzu D-Max – spherical out the highest 10.
Geoff Flood, Aston Barclay’s head of LCV, mentioned: “The market has slowed since Christmas, and sellers are working tougher to promote used LCVs to SMEs nonetheless feeling the pinch of upper rates of interest and a better price of residing. Many SMEs are holding onto their present LCVs longer, however this can’t proceed indefinitely as automobiles age and turn into extra expensive to take care of.”
Login to proceed studying
Or register with AM-online to maintain updated with the newest UK automotive retail business information and perception.
