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Light market is slowing down
Page 61
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Lower end of sector has peaked, but demand is strong for flats and tippers.
After a strong start to the year, the first signs of a downturn in the used sector is beginning to show at the light end of the market, reports Glass's Information Services.
After a strong start to the year, the first signs of a downturn in the used sector is beginning to show at the light end of the market, reports Glass's Information Services. In recent weeks, according to chief editor of commercial vehicle values George Alexander, dealers have been less upbeat and have commented that the market below 18 tonnes is becoming a little slower. "Some evidence for this comes from the auctions where there are an increasing number of lots passing through which receive only provisional bids when, previously, similar retail stock would have sold at the first time of asking," he says. However,Alexander argues that at some auctions the "mix of chassis is not attractive to buyers, with too many poor examples In recent weeks, according to chief editor of commercial vehicle values George Alexander, dealers have been less upbeat and have commented that the market below 18 tonnes is becoming a little slower. "Some evidence for this comes from the auctions where there are an increasing number of lots passing through which receive only provisional bids when, previously, similar retail stock would have sold at the first time of asking," he says. However,Alexander argues that at some auctions the "mix of chassis is not attractive to buyers, with too many poor examples In recent weeks, according to chief editor of commercial vehicle values George Alexander, dealers have been less upbeat and have commented that the market below 18 tonnes is becoming a little slower. "Some evidence for this comes from the auctions where there are an increasing number of lots passing through which receive only provisional bids when, previously, similar retail stock would have sold at the first time of asking," he says. However,Alexander argues that at some auctions the "mix of chassis is not attractive to buyers, with too many poor examples In recent weeks, according to chief editor of commercial vehicle values George Alexander, dealers have been less upbeat and have commented that the market below 18 tonnes is becoming a little slower. "Some evidence for this comes from the auctions where there are an increasing number of lots passing through which receive only provisional bids when, previously, similar retail stock would have sold at the first time of asking," he says. However,Alexander argues that at some auctions the "mix of chassis is not attractive to buyers, with too many poor examples In recent weeks, according to chief editor of commercial vehicle values George Alexander, dealers have been less upbeat and have commented that the market below 18 tonnes is becoming a little slower. "Some evidence for this comes from the auctions where there are an increasing number of lots passing through which receive only provisional bids when, previously, similar retail stock would have sold at the first time of asking," he says. However,Alexander argues that at some auctions the "mix of chassis is not attractive to buyers, with too many poor examples In recent weeks, according to chief editor of commercial vehicle values George Alexander, dealers have been less upbeat and have commented that the market below 18 tonnes is becoming a little slower. "Some evidence for this comes from the auctions where there are an increasing number of lots passing through which receive only provisional bids when, previously, similar retail stock would have sold at the first time of asking," he says. However,Alexander argues that at some auctions the "mix of chassis is not attractive to buyers, with too many poor examples coming from just a couple of big fleet sources." In higher-weight categories, it is more optimistic, as late-year tractive units are performing well. Alexander highlights Volvo, Daf, Scania and Mercedes-Benz as being particularly popular— those with the right specification and in good
condition have been making more than market expectations. Meanwhile, sales of older examples are still dictated by the export market, which is disposing of a significant proportion of used vehicles.
condition have been making more than market expectations. Meanwhile, sales of older examples are still dictated by the export market, which is disposing of a significant proportion of used vehicles.
condition have been making more than market expectations. Meanwhile, sales of older examples are still dictated by the export market, which is disposing of a significant proportion of used vehicles.
condition have been making more than market expectations. Meanwhile, sales of older examples are still dictated by the export market, which is disposing of a significant proportion of used vehicles. Demand is still outstripping supply, however, for multi-axle tippers and hook-loaders. Alexander says: "Those emanating from any manufacturer will command strong prices
and create a stir."
Any specifically designed chassis-cabs including flats and tippers fitted with the right cranes are doing well and proving to be one of the most popular areas of the used truck market.