BUYER’S GUIDE Contents 33 SECTOR ANALYSIS
Despite a narrow, and possibly temporary, escape from tax hikes, double-cab models continue to dominate the UK’s pick-up market, reports James Dallas
36–51 DATA – POWERED BY GLASS’S
What Van?’s wide-ranging data section covers every model on sale in the UK and provides all you need to know to buy your next light commercial vehicle – from up-to-date prices and residual values to fuel economy and load capacity.
35 BUYING A USED SSANGYONG MUSSO
The Musso may not be a ‘lifestyle’ legend but it still has plenty to offer buyers in the market for a used truck, says Ian Shaw
Used light commercial vehicle overview – March 2024
March recorded a steady level of stock availability, with supply and demand generally well-aligned. The Easter break saw the market slow a little as buyers took time away, but stock profile remained relatively steady over the month. An over-supply of large panel vans into the used market at the beginning of April has resulted in buyers taking a more cautious approach, with many under performing as a result. The volume of sales in March remained static, with nearly three quarters of sales Euro 6 models, with an average age of 53.2 months. Average mileage remained relatively unchanged as well at just under 73,300 miles with an average selling price of £9,825, down £175 on February. Used electric vans made up nearly 1.7% of all sales at auction, down 0.3% on February, with an average age of 60.4 months. Average mileage was just over 37,700 miles with an average selling price that was up £100 from February at £5,000. Euro 5 stock made up the remaining 24.8% of sales. The volume of sales remained static, but average sales prices fell by 3.5% over the month and were nearly 17% lower than at the end of March 2023. The average age of all vehicles sold increased from 77.3 months to 78.9 months but was down 3.1 months on 12 months ago. A slight increase of 0.1% in the average mileage was also recorded, with mileages up from 80,938 miles to 81,045 miles. This figure was 4.1% lower than March 2023. More medium vans were sold at auction than any other vehicle type, accounting for 34% of all auction sales. Large vans accounted for 26.7% and small vans 26.6%. Volumes of 4x4 stock sold accounted for only 10.7% of all sales but attracted the strongest average sales price of £12,253 (down £845 – Feb 2024). Large vans covered more distance than any other type of stock at an average of 90,195 miles. This was down 1,725 miles on February and over 2,125 miles lower than in March 2023.
First-time conversion rates for March reduced by 2.4% to 76.4% overall and sat 6.1% lower than 12 months ago. Broken down, the best conversion rates were seen in the small panel van sector at 79.2% (down 2.9% on February), whilst a conversion rate of 73.7% (down 2.6%) in the large van sector returned the lowest. Used vehicles observed for sale in the retail market last month increased by 0.5% to just under 43,350 units. 42.2% of all vehicles on sale were valued at £20,000 or more, while 38.1% were on sale for between £20,000 and £10,000. At the lower end of the market, those vehicles on sale in the £10,000 to £5,000 price bracket increased to 15.5% of the overall market, whilst 4.2% were on sale for less than £5,000. The average age of these vehicles remained steady at 57 months, whilst average mileage reduced by 2.2% over the month to just over 59,750 miles.
Andy Picton is chief commercial vehicle editor of Glass’s, the used vehicle valuation experts
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53
