Tim Cattlin

Tim Cattlin: economic recovery has revved up values

CAP commercial vehicle forecast values expert Tim Cattlin told Business Vans: “Nobody in the industry, including ourselves, anticipated the rate at which demand has increased. Economic recovery has therefore unleashed serious pent up demand into the auction halls and onto the trader’s pitch.”

But Cattlin believes the resurgence in new van registrations in 2011 signals an impending end to the boom in van values as early as the end of 2014 with a growing number of these vehicles starting to return to the used market helping to rebalance supply and demand.

“We believe the market for used light commercial vehicles will remain buoyant for the next few months but values will begin to ease later in the year,” he said.

“Quite how pronounced this softening will be, remains to be seen, but a pivotal point may well be the typically quiet period over Christmas.”

CAP will be watching carefully to see whether the normally strong recovery in January is as pronounced as usual.

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