Commercial vehicle auction marketplace to pick up, says Manheim
Tim Spencer, group commercial vehicle auctioneer, Manheim Auctions, said: 'Even though the recent Easter break and two bank holidays didn't impact on auction hall activity as much as expected, there is no doubt that as we return to normality the job has definitely toughened up. Buyers are still very much in evidence but are not looking for much stock because of the poor retail demand of the last few weeks. Many, though, are optimistic that things will pick up again now we are all back at work and see the last few weeks as a blip rather than a trend.'
Spencer said that volumes of late-year, low-mileage vans remain low and, as a result, buying patterns are changing: 'I have spoken with a few of these buyers and although it is not what they want to do, they need to fill spaces on their forecourts and will consider widening their search criteria to find vehicles that they can sell on. However, they are still avoiding damaged vehicles that need too much work.
'This can only be good news for the marketplace as we know the late-year, low-mileage product will sell but with the shortage, it pushes buyers into the £2,500 to £4,500 bracket where there is plenty of stock, increasing competition and keeping everything moving along nicely.'For more of the latest industry news, click here.