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Operators that are defleeting vans achieve higher prices if the
Page 70
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logos, livery and branding are removed, reports Manheimis Alex Wright. But how is the market holding up generally?
More than 95% of Manheim contract-hire and leasing vendors are now choosing to have operator branding and signage professionally removed before vehicles are sold at auction.
They are adopting this practice to optimise residual values by meeting the demand for clean vehicles to which buyers can apply their own logo. However, it also helps ensure the original operators' reputations are not damaged in the event that a disposed vehicle is involved in criminal activity.
It may seem far-fetched to talk about vans being bought with criminal intent, but vendors need to protect their own good name and clients' reputations once they have sold the vehicle.
In the market in general, Manheim reports that spring's buoyant market has continued into early summer, delaying the usual seasonal lull. But with the school holidays looming, Manheim is expecting the market to experience its normal downturn for the next few weeks.
This may come as a bit of a shock to vendors that have been reaping the benefits of a strong market for so long. Vendors holding out for top money may get their fingers burnt as the market begins its downward slide.
Stock is still limited,with rare and low-mileage examples selling at top prices. Overall, there seems to be a lot of the same product around the country and the majority is in poor condition with high mileage. Performance price is hard to predict.
In the car-derived sector, nonwhite Vauxhall Combos are a good buy though are not around in large numbers A 54-plate with the balance of a manufacturer's warranty can be bought for around £2,200.The desirability of the Escort hasn't waned, and the rare examples that go through the auction halls make £300 to £400 over reserve.
Unstable sector The small panel-van sector is very up and down, with condition and mileage affecting prices. For example, a Citroen Dispatch 04/04 2.0HDi with 137,000km in untidy condition sold for £2,900, more than £1,000 under CAP average, whereas a tidy 02/52 Dispatch 1.9D with 100,000km on the clock sold forjust £100 under book price. A tidy Fiat Scudo 2.0SX J'TD 04/04 with 66,000km sold for £500 above book price at £4.925.
There have been a lot of nonwhite Transit 260 and 280 panel vans under three tonnes in varying condition going under the hammer recently.These are an excellent option for buyers, as they still have plenty of life left in them and can be bought for a reasonable price.
Other bargains in this sector are the Citroen Relay and Fiat Ducato— both good alternatives to the Transit and with the added benefit of often selling for £1,000-£1,500.The quantity of Vauxhall Vivaros and Renault Trafic vans has also dropped compared to recent weeks, but prices remain average.
The panel van three-tonneplus sector is still well stocked, but tidy examples are few and far between. When good examples appear, interest from buyers is immense.At Manheim Gloucester recently a good-condition silver metallic 90,000km Mercedes Sprinter 313 LWB highroof 04/04 achieved £2,300 above book price at £11,250.