VAN AUCTION PRICES FALLING FAST 

Yeah, it was christmas, nobody was buying for much.

Every tradesman I know is booked solid…the people that use vans are fuelling the economy

They're not fueling it but they are an indicator of a solid economy!

We’re in a recession, a lot of people in these comments don’t seem the brightest

could be that modern vans are so easy to break into

easy: economy outlook must be stalling therefore no investment into used vans for the own business or the private owners that push the purchase decision way back. Same here in germany which means high volatile prices from week to week and month to month since lets say before the summer holiday which was June. Since june the whole car market has turned upside down which means used car prices stalling the only difference that only a few have just some losses, but in general just what you can expect from a recession. Wheeler dealer Mike Brewer told how he and his wife lost everyhting back in his dealer hay days about 1991 / 1992 when europe fell into a pretty deep recession and depression after the cold war was over. He described it in a 2 hour interview on another car channel and also why Ed had left even though no one wants to believe that. Really great interview and when he told about the era how he was falling into the car dealer business and broke at 27 it reminded me how terrible the situation back then had been over night with exploding interest rates that brought the solicitor (however it is spelled) into the game cause the mortgage for their house had been exploded from 1500 GBP to a few thousand GBP more in a moment, when his wife was ill in the hospital and the car market had stalled fully. Listen to it and you will learn about his sales skills when the story is about a rather big old chandelier and how he became what he is now known for. Really great interview on a rather small channel with 27000 subs or so and I guess Ben was the host. Long but really worthwhile to listen regardless if you are in the car or tv business. I have enjoyed it yesterday evening but I guess that it was a few days older. checked it: it is 4 days old and called Mike Brewer Reveals the REAL Reason Why Edd China Left Wheeler Dealers & His Story Of TV Success Host is Ben Fowler and they both had a great time so the time will run without being aware of it once you are in the story from the early childhood days on. I had been working for Daimler for 2 decades when we the SPRINTER was born as the first baby of the newly built VAN division where the VITO and VARIO were following, which was quite a ride in that particular era in 1995 cause the division started with highest losses and turned into big profits within 2 following years and became the world market leader back then. Big times, big profits and big bonusses, but those years before which Mike was talking about were horrible for the company from 1991 or 1992 on cause the big boom in germany cause by the reunification and high demand from the east had only delayed the arrival of the recession, therefore the recession arrived later but hit us also a lot more than everyone had thought. For the first time since the War new engineers from the university were in mass unable to find a job for about 2 to 3 years at least. Therefore if the UK and US and EU central banks will not lower the interest rate soon the inflation will be gone but the industry will struggle with low demand and recession. All the best for you and the channeln in 2024 !

Happy New Year Lee, apology not necessary, we were mostly on holiday over Xmas so why shouldn't you too. The "catching a falling knife" phrase is such an apt one at the moment, no one wants to catch that blade. You should try (probably already have) tell your Mrs that a Disco is better than a Sport 😁

Great video Lee I was waiting on this video ever since you mentioned it couple weeks ago,, That black fiat vivaro style van was a very very cheap van especially with no - v ,a ,t on it,, cheapest van in the auction that night mate god bless and stay busy,, Happy new year by the way,,

Would be very interested to see you cover EVs auction prices this month and next.

Good. About time there was a reckoning.

1st weekend after new year,

I live in Plymouth, the centre is absolutely destitute, the same for nearby Torbay...the far south west is more advanced in the social and economic decline, but I think it is beginning to make itself felt in more affluent areas like Surrey....I've got a bad feeling the rot is so entrenched, it may be irreversible

@@tomwilliams7391still be rammed all summer Easter and when kids go back to school

People get their pay on different dates due to Christmas and some get two months in advance. By this time they’ve spent up and are broke. It’s an annual phenomenon.

@@Antonio-gq6fx BCA are never letting the public back in

Thanks 👍 have a great 24 ian

price of scrap cars and vans dont help .. we could get an old banger with tax and mot under £300 now your looking at £2000 plus for junk that better of crushebd.. time prices fall there way over priced for rubbish..

Yeah the insurance on vans up my way is ridiculous now

Biggest indicator the economy is going down the pan!

Dealers don't pay VAT on their purchases, if we bid at these auctions, they add the VAT on top.

@@bluenose7984 Dealers do pay Vat

@@bluenose7984 They don't pay the auction VAT or they offset it against there VAT bill?

@@bluenose7984😂😂😂😂😂 listen at 12.50 subject to vat…

I bought a van 10 years ago private, the same van in 2024 there asking the same money AND THIS IS PRIVATE SALE AGAIN, 10 YEARS LATER AND THE SAME MONEY PRIVATE ,

covid made all vehicles harder o buy new ,so 2nd hand market boosted ,its coming back now as ne cars and vans are accessible for companies etc.

Be a man and don’t pay the fine

I can't see it lasting the emissions zone

Indeed, “SMART” means that you can’t do anything about it if it doesn’t work as it should, and that a remote 3rd party is almost certainly surveilling you.

Berlingo are a nice van. I think the Transit is overrated. Merc Vito also a great option.

Haha yeah noticed that

More like a lot of people bought new vans in that time from claiming all the 'free furlough payments' that they were 'entitled to', when work picked back up the amount of trades with new vans was off the chart but they didn't have any work for the previous 3 months 🤔🤔

yeah fcuck vans ,but cars would work

Thanks 👍

Nonsense

Thanks Dave

My work mate has the first new transit in the south west. Bought it 4 weeks ago... 13 people wanting it. Best part of £50k. The new model makes the previous look dated. It looks lovely but needs bigger wheels. The salesman said Ford are making this model with bigger arches to accommodate bigger wheels.

I recently bought a 65 plate with 152k & was concerned about mileage but you have restored my faith

What’s happening in the US?

@@giff1669 Most of the lots are full of nearly new vehicles….

Like it, intelligent comment 🤔

Well said that man

i was thinking the same, i always like looking in the back

Yeah, most of them have had a right hammering, and aren't sold until they're completely fucked.

Defo, smashed like ringos drum dont appeal to me

I’ve bucked that trend, my caddy is fucked inside and out 👌🏻

Is it a big deal though?? Working vehicle you expect it to be pretty rough especially in the cargo area

Run till the old van dont run anymore . Your van is reliable unlike the newer models today

What van have you got?

@@paulk1322 vauxhall combo 1.7 diesel.

Thanks for watching!

I am not like big tam I can sell my stock 😂 happy new year bud 👍

Appreciate it!

Under 3k for example, if its a very small van, ~Fiesta 1.4 Diesel, Nissan NV200, Partner / berlingo not bad but make sure the engine is well looked after. Transit connect I would keep away from under 3k they are very troublesome for Mot testing

​@carukchannel interesting you say that Lee..anything in particular fr MOT? I've just bought an 07 (private sale) with 187k with a v long mot and it seems a good un tbf.

As is the Merc. 😉

I quite like the new Ferrari van.

Same, Although I have just taken in a old 56 combo in chop in green, ex garden van and very clean. needs a buff up and master cylinder so far.

@@carukchannel I gave a grand for a 200k combo last year bud, opened the bonnet and all the top inner wing had gone, after welding and other jobs I was rewarded with 20 net profit.

‘Old yerrrr ‘and out fellaaaa’

@@BibTheBoulderTheOriginalOne he’s more like a plain digestive him

Nonsense

Effectively the Same engine as you’ll find in Fords. They’re all made in Dagenham under the Ford/PSA joint venture

@@hughmarcus1 I have the berlingo 1.6 nearly 250k on it reliable work horse only issue was turbo went but other wise keeps going don’t know about the 1.5 but I have it

Turbos seem common failures.

@@volt8684 it had done 200k on original main thing with berlingo got small sump I’d say 8k max for oil change like I do that helps

@@volt8684 turbos do go eventually if they’re not maintained. There’s also an issue with the oil strainer blocking in the sump. Both usually signs that the oil hasn’t been changed often enough

Had one with 169k on it, and one I have now 96k. Never had that issue.

What year or spec are making 80k?

@@johnoleary5612 Pre 1960 ones with a few extra windows ?!

@@johnoleary5612get a 2 bed flat with them in amsterdam

Highline Caravelle 200ps ABT Kit or Leighton Vans kit Full options electric doors and such.

Thanks for the visit

@@carukchannel .i love all your car stuff m8

It's taken you that long to decide ? What have you been living on , fresh air and cardboard sandwiches .

@@johnniethepom7545 none of your business is it

Thanks for the heads up😂