"Many operators bought second-hand
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vehicles to bridge the supply gap" Bob Reed
Bob Reed keeps an eye on used truck price trends at CAP He says: The XF was a complete turnaround from the 95 Series. It could have been simply dismissed as a facelift exercise, but instead it was accepted as a new model. The demand for new vehicles created a lead time of up to six months, which held strong. We expected this to be the case at first, but it is only now beginning to drop back.
"Many operators bought second-hand vehicles to bridge the supply gap. This in turn created an undersupply situation in the second-hand market, which has kept residuals very strong. We expected residuals to be high for the first few that come back on to the market, and then values to drop off to about the level of the old 95, but that simply hasn't happened. The XF has just carried on. It is worth the same as the equivalent model Scania.
"We only book the 430, which shows a 1998 R-reg XF Super Space Cab at 420,000km will retail at £29,500, while a Scania 144 420 Topfine is priced at £28,250. Before the XF we used to book the 85 at more money than the 95."