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Buyers need more light...
Page 73
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Vans are running hard in the used sales figur with almost three to every one new LCV solc
Trade in the van sector continued its steady growth, according to figures published for transactions in 2003 released by the Society of Motor Manufacturers and Traders.
The used LCV market saw an 8.4% increase in registrations, sales and exchanges to 761,497 units. Sales in new registrations over 3.5 tonnes topped 55,590,up 7.1% (3.670 units) on 2002, while sub-3.5 tonne registrations increased from 257,478 to 296,194 units.This means trade in used vehicles outgun new by 2.6 to one.
The first quarter saw most activity, with 197,455 units passing through trade and operators hands alike.This is followed closely by the second and third quarter before business drops off in the lead-up to Christmas. although October was officially the busiest month, with 70,961 units traded.
Car derived vans (CDV) and pickups accounted for a third of the tota1.261.428 CVs, while all other vans made 500,069 units. For both groups of vans the 10 years-plus group made up the most numbers;30.6% of CDVs and pickups, and 28,6% of vans.
At the smaller end of the market, seven to 10-year-old models follow closely with 26.7%. but at the larger end of the van sector, i t is the nought to three-year-old vehicles that do well, 26.4%.
It is the older vehicles that help explain why Ford heads the top ten list of vehicles traded, and why older manufacturers such as Bedford are still listed. Ford's vehicles have consistently been the number one best seller in the UK with models such as the Transit and Escort. Land Rover is number two. Although th vehicles are often for private use, the Discovery, for example, is classed as a "light 4x utility" as well as a car.so the decision is thc owner's, rather than DVLA or the SMMT.