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Fleet vans flood used market
Page 51
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An abundance of late-year light CVs at auction is good news for retailers looking for attractive prices,
says George Alexander of Glass's Guide.
R— etailers have the chance to make some good deals on late-year stock as used vans continue to flood the market.
'ihe deluge has been created by large volumes of fleet vans which were sold during a period of soaring rc.istrations between 2004 and 2005. George Al e minder, chief commercial vehicle editor at (1/us.:s Guide, says:"With 2007 being a recordbreaki nit year for new vehicle registrations, fleets have plenty of used vans to dispose of. Following 30 months of reporting late-year light commercial stock shortages, we now find there is ample supply.This could be a major opportunity for retailers to acquire stock at attractive prices. Despite not all stock being in perfect condition, vendors, dealers and customers can hopefully find sufficient common ground to achieve another good year for used van sales in 2008."
He adds that concerns about the UK economy towards the close of last year have also contributed to the greater availability of used vans:"It is not surprising that businesses do not wish to carry unnecessary capacity within their fleets at a time of economic uncertainty." •