Used LCV values to remain steady next year

3rd January 2012

2012 will see an uneasy balance of supply and demand in the used LCV marketplace, the valuation experts at CAP Monitor believe.

“With the potential bonus of an Olympic-related feel good factor, provided there are no more unforeseen shocks, we anticipate used LCV values to remain broadly in line with those measured in late 2011,” said Tim Cattlin, of CAP Monitor Commercial Vehicle.

After that, CAP expects the situation to continue improving in 2013.  Cautious optimism about the economy should by then be on the rise and the used market will be stimulated by businesses unable to postpone vehicle replacement any longer.  With more buyers chasing stock which is still scarce, values should remain above the long-term trend. 

It will be in 2014 that prices begin to stabilise and return to the more familiar pattern because supply will be starting to increase by this point.

In summary, Tim Cattlin said, “we are anticipating some difficult times ahead but the choke on supply will prevent any kind of values meltdown.  It is only to be hoped that the supply picture will not change dramatically due to further business failures because that would threaten the fragile balance of supply and demand that we currently foresee.”

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