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Tipper demand slides as construction feels the bite

31st July 2008, Page 52
31st July 2008
Page 52
Page 52, 31st July 2008 — Tipper demand slides as construction feels the bite
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Which of the following most accurately describes the problem?

The slump in the construction industry has weakened demand for tippers. High prices get a reality check as they fall back into line

By Kevin Swallow AT THE TURN OF the year, you could have named your price for tippers and almost guaranteed a taker. Today, demand has fallen as a result of the crash in construction projects.

Two truck dealers, who prefer to stay nameless, admitted to struggling to redeem capital spent on tippers still sat on the forecourt. One says: -The job [construction] has dried up, its a good barometer for the economy, so when it dropped, so did demand for tippers. Suddenly, we had tippermen selling up because they had no work."

The other reveals: "We bought a couple, but our customers weren't keen, so we got lumbered. We lost out on those two."

ProTruck Auctions' Charlie Wright says over the past four months demand for tippers has dropped off. "We're still selling the older ones to UK traders looking to move them overseas," he says. Prices, six to eight months ago, could be anything as much as £10,000 over CAP book value, -They are more competitively priced now, selling at book price. They have fallen back into line," Wright reveals.

At a recent PTA auction, five of the six 05 and 06 tippers up for grabs had been provided by end-users, the other came from trade. The two that sold were end-users' trucks and bought via the Internet auction format.


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