The primary half of the yr has seen unprecedented exercise for used gentle industrial autos (LCVs) pushed by robust demand and ongoing de-fleet initiatives, reviews Cox Automotive.
Between January and June, Cox Automotive’s Manheim Public sale Companies and Manheim Automobile Companies processed a document 50,267 LCVs, marking a 24% year-on-year improve and the best quantity ever recorded by the corporate.
Matthew Davock, director of Manheim Industrial Automobiles at Cox Automotive, commented: “The surge in LCVs coming into the wholesale market throughout Q1 continued into Q2, as owner-operators, leasing firms, and rental businesses changed ageing fleet belongings. We processed 9,562 extra vans within the first half of this yr in comparison with the identical interval final yr, reflecting a powerful push to refresh fleets after pandemic-related manufacturing delays.”
Davock added: “Exceeding 50,000 items by mid-year is a outstanding achievement. The sustained purchaser curiosity in these autos, regardless of them being exterior the standard purchaser’s very best standards, underscores the excessive demand.”
In Q2, the common age of LCVs within the Manheim community remained at 64 months, with common mileage at 80,785—down 1,270 miles from Q1. Though common promoting costs decreased to £8,164 from £8,763 in Q1, the time to promote dropped by two days, and 70% of autos offered on the primary try. Manheim noticed a 32% improve in patrons and a ten% rise within the variety of distributors in comparison with Q1.
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