Tag Archives: lcvs

Demand for used vans ‘rocketed’ in December as twitchy buyers switched away from buying new. That’s the view of Shoreham Auctions which said reduced economic confidence helped strengthen the used LCV market in December and January. The market for new vans has taken a hit. Yesterday the Society of Motor Manufacturers & Trders reported new van sales down 20% due ...

Motor Auction Group (MAG) has purchased a five-acre site in Goole, Yorkshire, and will invest £5m to transform it into a dedicated LCV auction centre due to open in Q1 2025. The site will include a vehicle inspection facility. It is already equipped with a bank of electric vehicle chargers and hard standing to accommodate over 600 LCVs. The site ...

Auctions are seeing a surge of vans entering the market as companies and fleets replace their vehicles. Sustained demand for used LCVs and continued de-fleet activity within the fleet sector during the first half of the year saw record numbers of vehicles pass through Cox Automotive’s auction and vehicle services operations. Between January and June, 50,267 LCVs were processed by ...

The National Association of Motor Auctions (NAMA) has launched a new grading standard for used LCVs. The scheme will be pioneered by Manheim Auction Services (MAS) across its auction locations and to its customers starting from 1 July 2024. The NAMA grading scheme for cars has been in place since 2013 and was recognised in April 2023 with the King’s ...

Britain’s new light commercial vehicle (LCV) market has grown 11.1% to 52,916 units in its best March performance for three years, according to SMMT data. Over 50,000 LCVs joined UK roads in March for fleet renewal. Data reveals 52,916 new vans, 4x4s and pickups were registered, up 11.1%. The van sector has delivered its best first quarter for three years, ...

The Pat Kirk Nissan dealership in Omagh, County Tyrone, has added a van centre to its site. This addition is the dealership’s response to an increasing number of enquires about Nissan’s range of LCVs. Andy Crawford, Nissan sales manager at Pat Kirk, said: ‘‘We are tremendously excited about the addition of our new Van Centre and we look forward to ...

UK demand for new LCVs grew by 2.2% in February to 17,934 units which marks 14 months of consecutive growth. The increase represents the best February performance since 1998, according to figures from the Society of Motor Manufacturers & Trader (SMMT). Demand for large vans rose by 1.4% to 12,300 units, while medium and small-sized van demand declined by -5.9% ...

The average selling price for LCVs at auction is now £9,364, which is 42% higher than the pre-pandemic prices. Cox Automotive found that prices are 1.7% down year-on-year and 10.8% lower than the highs of 2021. Prices have now settled to what Cox Automotive believes represents the “new normal” for the LCV market. Matthew Davock, director of Manheim Commercial Vehicles, ...

Much has been said about the shortage of stock facing the sector, and just as dealerships begin to cover, they could well be hit with a crisis even worse than coronavirus itself. Vehicle manufacturers are facing raw material shortages on multiple fronts with semiconductors, rubber and aluminium all trading at a premium. This will further dent new vehicle production cycles ...

The light commercial vehicle market declined -5.3% to 26,982 units in May, according to figures released by the SMMT. Market leader Ford (pictured) outperformed the market with a 1.6% decline in sales to 8,876 units. The SMMT said demand for pickups continued its upward trend, with registrations increasing 26.2% compared with the same month last year. However, the medium and ...