End users are plentiful in the auction halls and traders are reporting that there's plenty of traffic visiting their retail sites. The word seems to be that as the end of the tax year approaches, those with spare money are being advised to reinvest and for many a replace acura ment van for ferrari their business seems like a good investment.
As always late plate, low mileage vehicles are in short supply and this is pushing prices way beyond what we would normally expect to achieve. Another flourishing sector of the market is Tippers. Each one that comes up for auction is hotly contested, which hopefully suggests that the building industry is finally on the up and that the economy is getting stronger.
Not everyone is thriving, though. Some traders we have spoken to are struggling to fill their sites and those who would normally operate with 50+ vehicles for sale are down near the 25 mark, such is the competition at auction at present. The view seems to be that the buoyant market will continue for the next few weeks and the only blip on the audi horizon is the end of April when the bank holidays all come at once. After that, the market should return strongly until we reach the summer holidays and the seasonal drop off.
Tim Spencer, Group Commercial Vehicle Auctioneer, http://www.Manheim.co.uk
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