Following a series of exceedingly strong months of used sales performance, April recorded a drop in the number of LCVs sold, said Rupert Pontin, Director of Insights at Cazana.
It is of interest to note that the volume of new retail listings during the month has also dropped by -11.9% which suggests that the problem here is not demand but a lack of supply of used product to satisfy demand and this is likely to be a problem that will persist for the coming weeks.
From a retail pricing perspective, the Average Price of an LCV increased by +3.4% during the month and when looking at the Cazana Used LCV Retail Price Index this has translated into an increase of +5.4%.
This normalised market data also shows that market wide there has been an increase in the Cazana Used LCV Retail Price Index of +21.3% since March 2018 and looking at the data in more detail this translates into a shift upwards of +43.5% since March 2019 and +47.6% since March 2020.
The overall market position must be put into context and not taken as a significant market decline or issue at this stage given that used LCV sales for March 2021 were so high.
Vauxhall’s new zero emissions Vivaro-e HYDROGEN light commercial vehicle has a range of up to 249 miles, refuels in just three minutes and a cargo volume up to 6.1m3, the same as the diesel or battery electric versions.
Vauxhall is actively speaking to business customers in the UK about hydrogen fuel cell and expects right-hand drive vehicles to arrive in 2023.