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Limited stock sets off battle of the bidders
Page 70
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The truck shortage looks set to continue as users fight over what's available, says Manheim Auctions' CV business manager, Brian Rossingrton.
The LGV market is still experiencing a shortage of stock, with late-registered vehicles particularly in demand. Supply of vehicles direct from fleets has not improved over the last month and the feeling is that the situation is unlikely to improve until the autumn.
This continuing lack of stock can be attributed to the introduction of Euro-4 engines and the fitting of digital tachographs in all new vehicles — operators are holding on to their Euro-3 vehicles for longer.
As buyers struggle to find sufficient vehicles to fulfil orders, the auction halls are witnessing some fierce bidding battles leading to premium prices being paid. Domestic buyers are also facing strong competition from overseas buyers, especially from Eastern Europe.
There has been a slight increase in the supply of 7.5-tonne boxes and curtainsiders.A large number of 2002 Daf LF45.150 boxvans have appeared on the market, easing the shortage. These vehicles are achieving around the guide price of £6,300. Any tippers that make an appearance are selling above book prices:a recent batch of 2000/51-plate LF45.180s reached up to £7,900,E500 above the CAP clean price.
In the 18-tonne sector, late models remain in short supply, largely due to rental customers hanging onto vehicles for longer than usual. A 2002 Scania P94.230 with a 20ft curtainsider body sold for £2,500 above book price at £17,200.
Older vehicles are in demand provided they are clean and well maintained; an X-plate MAN 18.224 boxvan sold for £8,600, £1,800 above book price.A recent star performer in this category was a 54-plate Daf LF55 220 skiploader that sold for £37,250.
An unusual example of an older vehicle making a high sale price was a 17-year-old aerial platform on a Dennis chassis, straight out of service with the fire brigade, which sold for £12,500.
Demand continues to outstrip supply in the 26/32-tonne multiaxle sector, making it one of the most keenly contested segments of the market.A 55-plate Mercedes-Benz Axor 26.33 with insulated tipper body sold for £51,250. Clean, older vehicles have defied guide prices recently, such as a 2000 Daf 85.340 32-tonne hook-loader that sold for £20,400 and a 1998 Daf 85.34032-tonne platform with crane, which achieved £19,500.
Demand for tractors remains strong, with buyers willing to pay premium prices for all ages. In the trailer sector curtainsiders are plentiful but the marketplace is not flooded with ex-rental stock, so prices are remaining stable.
A six-year-old trailer will fetch around £4,000. Refrigerated units are in demand,mainly for export, with barn doors preferred— although roller shutters are also acceptable. Decent platform trailers are less abundant, with buyers paying up to £3,000 for clean triaxles from the early 1990s. •