Although volumes sold at auction were down 2.6% on February, stock availability during March was not an issue.
What continues to be a major problem for traders however, is replacing sold stock at anything like similar money. This has been borne out by another increase in the average price of sold stock, which rose by nearly £200 in March. The average age of stock sold increased by 1.1 months, while average mileage fell by 191 miles.
However, the average sale price increased by 3.1% during March and now sits just shy of £800 higher than 12 months ago. Of those vehicles sold, 82.1% did so at the first time of asking, up 2% on the previous month and 11.8% on March 2017, while stock that sold at the first time of asking did so for £430 (7%) more on average than those units sold at the second or subsequent time.
The small and light van sectors are proving popular at the moment with tidy examples of the Ford Transit Connect, VW Caddy, Citroen Berlingo, Peugeot Partner and Peugeot Bipper all selling without difficulty.
The Ford Transit Custom Limited, the VW Transporter, Vauxhall Vivaro and the Renault Trafic all continue to dominate sales in the medium panel van sector, with buyers able to cherry-pick the nicest examples. Those with a higher specification remain in greatest demand.
The large van sector sees demand fluctuate, dependent on quality and availability, which can vary from week to week. Medium-wheelbase examples are gaining traction at the moment, with any complete with aircon and metallic paint gaining particular attention. Dropside, tipper and Luton van derivatives are near guaranteed a sale if the condition and mileage is right.
Sales of 4x4 pick-ups have improved during March with prices up by £350 on average over this period. Nevertheless, there remains a large number ‘doing the rounds’ at auction, with only the nicest examples finding new homes.
Andy Picton is chief commercial vehicle editor of Glass’s, the used vehicle valuation experts.