Future Light Commercial Vehicle Overview New Coms May 26

This is the cap guide to future residual values for light commercial vehicles. Individual forecasts are provided in pounds and percentage of list price for periods of twelve to sixty months with mileage calculations up to 200,000.

Monthly Wrap-Up

As expected, April has been another busy month for new additions into the guide, with over 188 new IDs added into the Monitor product. Amongst additions to existing ranges, we have seen one new entrant into the BEV sector, but the vast majority of IDs have been ICE.

This is not a new trend either, with the majority of new IDs over the past year still for vehicles having an internal combustion engine. With the ZEV mandate nearing, it does raise the question of when the scales will tip. There are some exciting entries from Farizon, Ford and Volkswagen, to name a few, with the return of the Sportline trim from Volkswagen in their Transporters and an increase in 2-seat double cab conversions in the pick-up market from Ford and Mitsubishi. It’s certainly an interesting time to see the direction that OEMs are pursuing in the current climate.

This month was also reforecasting for VAT Qualifying, Minibuses and Electrics. Unfortunately, the downward trajectory from the BEV sector continues as the uncertainty to make the switch remains. Although there have been positive movements from realignment exercises and performance-based evidence, the overall negative trend is strong. Given the nearing of the ZEV Mandate, plus price pressures at the pumps, the swing could well be on the horizon, but, for this month at least, the factors at play are still forcing negative trajectories amongst the sector.

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