Tag Archives: LCV

Light commercial vehicle (LCV) sales fell by -20.5% in January with 19,050 vans, pick-ups and 4x4s registered. The Society of Motor Manufacturers & Traders (SMMT), which released the figures, said it was the second consecutive monthly decline following strong growth in 2024. It forecast that sales would fall by -1.2% to 348,000 units against a tough economic backdrop with weakened ...

G3 Vehicle Auctions announce a week of physical auction events for the launch of their second remarketing facility in Bedford. The first physical auction takes place on Monday 6th January 2025 from 12pm with over 300 vehicles expected to be offered through the centre in their opening sale from headline vendors such as Oodle Car Finance, Zopa, First Response Finance, ...

Intercounty Truck & Van, a Mercedes-Benz dealer operating in the Midlands and Lincolnshire, has announced a £2 million investment into a new service and parts location in Dunstable, Bedfordshire. Located on the South East, Dunstable’s Woodside Industrial Estate, the site is just minutes form J11/J11a of the M1 and London Luton Airport. The site offers a state-of-the-art workshop for the ...

The used van market in 2024 has become “very fragmented” with dealers having to work harder to sell to businesses. That’s the view of auction house Aston Barclay which said high interest rates and cashflow are putting a brake on van sales. “The market has slowed since Xmas and dealers are having to work harder to sell used LCVs to SMEs ...

Registrations of UK light commercial vehicles rose 5.4% in April, the best performance for the month since 2021. Deliveries of zero emission LCVs declined last month, with new battery electric van (BEV) uptake falling to 861 units, down -42.4% compared with last year’s uptick in demand. It means BEVs accounted for 3.6% of all new LCV registrations compared with 6.6% ...

With over 25,000 vans recorded at Cox Automotive’s Manheim Auction Services and Manheim Vehicle Services locations, Q1 of 2024 has been the strongest-ever quarter for LCV arrivals. Manheim was selected by 422 vendors as their van remarketing and/or de-fleet partner during Q1, a 28% year-on-year increase. Matthew Davock, director of Manheim Commercial Vehicles, Cox Automotive, said: “It’s been quite the ...

Pentagon Motor Group has taken on the LCV business of Motus Commercials, in order to strengthen its position as a major fleet and retail operation. The integration of Motus Commercials made perfect sense to Pentagon with the aim of increasing profitability, streamlining operational efficiency and allowing customers to focus on a single dealership brand. David Peel, MD of Pentagon, said: ...

The National Association of Motor Auctions (NAMA) has revealed the strength and stability across various segments of the market. Overall, pricing and demand are considered healthy with sectors such as the wholesale car sector proving to be stable and retail sale values showing an increase when compared with February despite a lag between retail and trade prices. Paul Hill, NAMA ...

LCV values at BCA came under pressure in October falling 5.9% to £8,705. The auction house said buyers were reacting to the tough economic conditions affecting the wider market, particularly the small business sector. Following a brief recovery in September when values rose by £368 (4.1%) month-on-month to £9,247, the overall value trend in 2023 has fallen steadily since April’s ...

Manheim Auction Services is adding to its hybrid LCV sales programme with a new physical and online sale at its Shotts auction in Scotland. The new sale launches at 2pm on 14 September and will take place every other Thursday. It aims to bring 350 additional commercial vehicles per month to the market. Supporting vendors include Novuna, Rivus, Holman, Zenith, ...