BUYER’S GUIDE Contents 33 SECTOR ANALYSIS
With the overall LCV market in recovery mode, sales of pick-up trucks and 4x4 vans have been fl ourishing in 2023, 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 VOLKSWAGEN AMAROK
The fi rst generation Amarok delivered fi ne build quality, good engines and competitive load-carrying ability, says Ian Shaw
Used light commercial vehicle overview – June
With used supply recovering and new vans being produced in increasing numbers, market cycles have returned to a level of normality. A little respite is expected through the summer months, but volumes look likely to remain consistent. With more volume and choice in the marketplace, buyers can be choosy. As a result, fi rst time conversion rates were down in Q2. Late-year stock is still in short supply, while volumes in the small van sector have increased in Q2, resulting in some downward pressure on their values. Sales of electric vans remain slow, with real-world performance and perceived lack of charging infrastructure remaining as the biggest barriers to adoption. With an increased stock availability, buyers have become increasingly picky. Sales have remained strong, but as a result of more volume in the marketplace, the average sales price slipped by 4.8% during June and by 7.0% compared to June 2022. The average age of vehicles sold during June increased slightly from 81.1 months to 81.9 months, with the average mileage of those vehicles decreasing by 0.6% to 82,899 miles. This is nearly 2,600 miles higher than 12 months ago. As with previous months, the used medium van sector was the most popular. These models accounted for over 33% of all auction
sales, while the volumes of 4x4 stock sold was the lowest (12.9%) but attracted the strongest average sales prices of £18,345, up nearly £4,850 on May. Large vans covered more distance than any other model type at an average of 90,688 miles, a near 1,500 mile increase on May.
First-time conversion rates for June fell by 3.8% to 71.7% overall, but still remained 8.1% higher than at the same point 12 months
ago. This decline was refl ected across all sectors, with the large panel van sector returning the best conversion rate of 72.7% (down 0.6% on May). 4x4 Pick-ups recorded a fall of 3.4% to 72.0%, medium vans 71.6% (down 4.3%) and compact vans 71.0 % (down 4.7%). Used vehicle numbers observed for sale in the wholesale market last month rose 1.1% to nearly 42,000 units. Of all vehicles on
sale, 50.5% were valued at £20,000 or more, while 33.0% were on sale for between £10,000–20,000. At the lower end of the market, those vehicles on sale in the £5,000–10,000 price bracket saw volumes increase to 12.1%, while those less than £5,000 saw volumes increase to 4.4% of the overall market.
Andy Picton is chief commercial vehicle editor of Glass’s, the used vehicle valuation experts
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