Ex-public utility stock fuels strong start to used commercial market

Ex-public utility stock fuels strong start to used commercial market at Shoreham

  • Promising start to the used LCV market seen at both January sales
  • All 177 used vehicles auctioned are sold
  • Mercedes-Benz Unimog and Land Rover Defender ‘Cherry Pickers’ most popular lots

Mercedes-Benz’s Unimog multi-purpose truck and Land Rover’s ‘Cherry Picker’ Defender were the stars of the show at both Shoreham Vehicle Auctions’ January sales, as the used market kicked-off 2015 in style for the south coast auctioneer.

A 13-year-old, 4.5-litre ex-public utility Unimog with 119,414 miles on the clock was the pick of Shoreham’s first sale after going for nearly £27,000.

A second, six-litre 2001 Mercedes Unimog was also the top seller at another Shoreham auction, selling for £18,000 despite nearly 220,000 miles on the clock.

The specialised nature of Shoreham’s first auction continued with 2006 and 2008 long-wheelbase Land Rover Defender ‘Cherry Pickers’. Both were equipped with hydraulic lifts, with each going for £6,275 and £7,800, despite both having approximately 117,000 miles on the clock.

The current strength of the used LCV market was further highlighted by a third, 2007 Land Rover Defender with 113,000 registered miles, going for £10,800. This was over £4,000 higher than its average worth in the year when production of the iconic 4×4 ends.

The high prices achieved for these specialist vehicles were mirrored by sales of the more traditional LCVs, with both January sales achieving 100% conversion rates for its vendors.

Two LDV 400 Convoy vans went for over twice their book values, with the youngest model selling for £3,400, nearly three times its list price. LDVs continued to prove popular on the south coast, with a 16-seater 2003 minibus going under the hammer for over twice its CAP average price.

A 2002 Mercedes-Benz Vito and a 2007 Peugeot Expert also comfortably achieved twice their average sales value. Meanwhile, a five-year-old Iveco Daily and a four-year-old Vauxhall Vivaro were sold for £6,800 and £9,700 respectively, which was 147% and 122% of their book values.

Alex Wright, Managing Director of Shoreham Vehicle Auctions, said “Our first two sales of 2015 proved the used LCV market is in rude health. Good quality 4-6-year-old panel vans interspersed with specialist lots of ex-public utility stock demonstrated that demand is strong going forward. We expect this to continue, with prices remaining stable whatever happens to the UK economy.”

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