...but CAP warns of an HGV slump
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• HGV sales are likely to get worse before they get better, while the cheaper end of the light commercial market continues to be the most lively, according to CAP Red Book's latest report on the used commercial market.
It says trade remains poor in the HGV sector with many vehicles being left unsold at auction sites around the UK.
Even six and eight-wheelers, which until now have been achieving reasonable prices, have shown a big drop in values.
The 16/17-tonne market is still at a low ebb, though with tippers being in short supply and demand being good, this particular class is holding its value, says CAP.
'Tractor units continue to depreciate in value with the most significant drops being to the Iveco 190.30s, Seddon Atkinson 301 and 311 Series and Renault's G260 models.
The one saving grace, according to the guide, is the 7.5-tonne market, where values are holding up well.
There are apparently good profits to be made on light commercials on anything of quality around the £2,000£2,500 mark.