No deal Brexit could increase used truck prices

Keltruck Scania

Britain crashing out of the EU without a deal will likely have a dramatic effect on the price of used trucks as well as new vehicles.

Dave Morgan, Keltruck new and used sales director believes dealers will close the gap between new vehicle prices and used vehicles in the event of World Trade Organisation tariffs being imposed on new vehicles.

“If a new vehicle goes up by 20% the price of a used truck will go up too,” Morgan said. “People try to blame everything on Brexit, and I don’t like to but it’s [the used truck market] not as busy as I thought it would be. Used prices haven’t got to go up, but they will. In this industry, if new [trucks] is going up by whatever the WTO duty is why would a used one stay the same? Dealers will close the gap between new and used, maybe not by 20% or whatever the tariff is, but certainly by a large amount.”

While uncertainty might be causing a bit of a lull in the marketplace, Morgan believes fortunes will change as more operators and cities focus their attentions on clean air zones.

“In 2020 they’ll be another load of people moving out of Euro-4 and Euro-5, whatever they buy I can see sales increasing towards the end of this year or middle of next.”

Hawkins Logistics trials I-Shift Dual Clutch gearboxes

 

Hawkins Logistics has put three new Volvo FH500 6x2s into service, all three featuring different liveries and Globetrotter XL cabs.

Two have been fitted with Volvo’s standard I-Shift automated transmission, with the remaing FH features the I-Shift Dual Clutch.

Managing director Paul Hawkins said that the reasoning behind opting for both gearboxes is to compare them and see which is better for the busines.

“The Dual Clutch isn’t as good on the fuel economy when compared to the 11mpg we get from the standard gearbox", he said.”But on the other hand the Dual Clutch makes for faster shifts which is good for when drivers need to be more efficient with heavier loads. For this trial we’ve used Volvo's Dynafleet Fleet Management System to compare all the data which will decide our future truck specifications.”

Supplied by Hartshorne Motor Services, the trucks are specified to recognise driver loyalty. Hawkins said: “We always spec up the interiors with leather, fridge/freezers, microwave ovens and televisions. Driver feedback on the FH is also good. 

“We get very good service from our dealers, Hartshorne Motor Services, who work hard to solve any issues quickly and efficiently.”