Manheim continues its LCV growth.
The UK’s heavy good (HGV) market rose by 46.3% in the second quarter of 2019, with 15,605 units registered, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
The used van and double cab pick-up markets have performed well during the last year as average prices rose by £227 (5.2%) and £1,036 (13.5%), respectively to £4,533 and £8,666 between Q1 2018 and Q1 2019.
City Auction Group has appointed Paul Cooke as department head of LCV, plant, machinery and Asset Management.
Auction houses develop their own, but NAMA says national scheme would be ‘colossal workload’.
Values of used LCVs are continuing to rise despite increasing volumes of used models coming to auction and record registrations of new LCVs.