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Now prices are rising for commercials
publication date: Apr 1, 2009
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author/source: Robin Roberts
A surge in demand for used commercial vehicles over recent weeks contrasts sharply with depressed interest for new models, according to Glass's, publisher of Glass's Guide to Commercial Vehicle Values. Feedback from the market indicates that the catalyst for this boom in sales activity has been a shortage of used stock resulting from fewer registrations over recent months. "A marketplace hungry for vans ensures that there is plenty of hammer action across the auction halls, with exceptionally high conversion rates," explains George Alexander, Editor of the Guide. "Examples of well-presented, low-mileage lots are proving to be high on the buyer's wish list." In addition, members of the buying public are also making their presence felt at auction sales, bidding against trade buyers and effectively pushing the final selling price up. "Whatever the factors that lie behind such a marked improvement in the used van market's fortunes, we must be grateful that there is at least some positive news to report," suggests Alexander. At a time when the major vendors are predicting continuing shortages of used stock over the coming months and, with the anticipated lift in demand expected in spring, prices are expected to hold steady with even better prospects for May. |
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