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Demand for used vans at auction surges as buyers switch from new

Summary by Motor Trader
Shoreham vehicle auctions, Lancing, West Sussex. Demand for used vans ‘rocketed’ in December as twitchy buyers switched away from buying new. That’s the view of Shoreham Auctions which said reduced economic confidence helped strengthen the used LCV market in December and January. The market for new vans has taken a hit. Yesterday the Society of Motor Manufacturers & Trders reported new van sales down 20% due to “weakened business confidence”. Sh…
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Demand for used vans at auction surges as buyers switch from new

Shoreham vehicle auctions, Lancing, West Sussex. Demand for used vans ‘rocketed’ in December as twitchy buyers switched away from buying new. That’s the view of Shoreham Auctions which said reduced economic confidence helped strengthen the used LCV market in December and January. The market for new vans has taken a hit. Yesterday the Society of Motor Manufacturers & Trders reported new van sales down 20% due to “weakened business confidence”. Sh…

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Motor Trader broke the news in on Thursday, February 6, 2025.
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