HGV market commentary

Research suggests that the expected rush to order E5 HGVs in advance of E6 is failing to materialise. This will lead to stock shortages continuing for the next three years at least.

This shortage is being compounded by end users extending beyond their original agreed return dates. As a result of this we may see a trend developing to enter into longer agreements as users realise that their trucks will perform well for them, beyond the three years that we have come to expect. We may even see a return to the old five year norm.

Export sales would appear to be slowing slightly, although not to the extent that anyone should begin to worry. Auction returns remain steady, with perhaps just the odd lull as the holiday season approaches.

Once again the message from the independent trade is one of mixed fortunes while the underlying sentiment remains positive.

7.5 to 12 tonnes – A number of Izuzu Tippers sold well when they appeared at a recent auction and this further underlines their growing popularity in the used sector. A small number of Horse boxes all found homes as and when they appeared, as did Refuse disposal vehicles and the odd Recovery Truck. A fairly large number of Trucks from Royal Mail have appeared in the market and they have, as always, met with varying levels of interest.

13 to 18 tonnes – The trend in this, the ‘Workhorse’ sector of the market, remains steady despite the lack of any large numbers of one type becoming available. Tippers, Skip loaders (particularly with Extenders) will find homes, as will late low mileage offerings in any guise. As already stated though, the dearth of such vehicles continues.

Multi-wheelers – The continuing popularity of Tippers within this sector has resulted in a rise in values for this month’s guide. This will be particularly noticeable at Euro 3. Fridges within this sector have found buyers queuing up to bid for them as they continue to appear in reasonable numbers.

Tractors – Once again the three pointed star, destined for foreign climes, rings the bell. This was no more apparent than when a number of Axors were snapped up for what can only be described as spectacular money at a recent auction. DAF’s recent steadying in values has continued.

Trailers – The Trailer market continues to fare reasonably well, with examples in most guises finding homes. Flats, as always, are selling easily as they also head for the sunshine. A 2004 whale Stainless Steel Vacuum Tanker sparked a bidding frenzy which eventually left two protagonists slugging it out. The eventual winner paid what can only be described as a staggering amount of money for it.