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Light CV prices fall again
Page 104
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• The light commercial market is still a story of mixed fortunes, says Cap Red Book's latest editorial.
It reports prices continuing to fall at a quicker than normal rate and auction centres quieter than last month.
Sales of 4WD vehicles are expected to slow down as spring approaches, although small pickups and dropsides should hold steady following storms which have resulted in an upturn in activity in building and allied industries.
Cap says caution is still the order of the day in the heavy commercial market with traders being unsure what to buy for the best in terms of profit and saleability.
"Auction entries are still good in numbers but quality seems somewhat lacking, with many B and C-registered vehicles looking very weary and hard worked."
It says rental vehicle entries appear to be drying up a little after the large influx of the past few months, so much of the clean later model 7.5 tonne stock now available will disappear as a consequence.
And while the 7.5 tonne market can still stand the disposal of surplus stock by companies rationalising their fleets, the 16/17 tonne sector cannot.
"Very few 16117 tonne vehicles are realising realistic values, and prices in general remain extremely low, with sleeper cab models being the easiest to sell," it says.