Leasing Life, in
collaboration with Tallon & Associates, publishes a monthly
analysis of data on the demand for used assets. This month, we look
at the changes in demand for vehicles, plant and
machinery.

 

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Buses
and coaches

  • Demand for older non-LEZ
    compliant vehicles continues to decline as a result of London’s Low
    Emission Zone.
  • 35-seat mini-coaches remain
    attractive to purchasers, although very few appear on the
    market.
  • Demand for service buses has
    declined, with limited requirement for older units as councils and
    authorities tighten up on emissions.
  • Commercial vehicles
  • Demand remains reasonable for
    late model vehicles (aged one to two years) from leading
    manufacturers for domestic markets.
  • Older vehicles (5 years+) from
    leading manufacturers are attracting export interest.
  • Reduction in demand for vans
    given the large number of them on the market.
  • Significant reduction in demand
    for vehicles associated with the construction sector such as cement
    mixers and tippers.
  • Potential oversupply of specific
    semi trailers (including skeletal and curtain) in the market
    place.

 

Construction

  • Dramatic reduction in demand for
    smaller contractors’ plant due to decline of the UK’s house
    building sector.
  • Larger items of plant continue to
    attract interest from international purchasers given the favourable
    exchange rates.

 

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Cranes

  • Reasonable demand remains for
    large capacity all-terrain models (75+ tonne).
  • Export market remains steady
    given pound to Euro exchange rate.
  • The demand for tower cranes has
    dramatically reduced with the reduction in large scale commercial
    building projects across the UK.

 

Engineering

  • There have been a large number of
    small and medium-sized closures over the past year. However, the
    majority of equipment is still finding homes.
  • Some sectors, including
    automotive, are struggling in the current economic climate, and the
    aerospace sector is showing signs of following.
  • Older conventional machinery
    still attracting interest from overseas markets.

 

Food

  • Continued reduction in demand for
    food equipment with very little demand for second-tier
    manufacturers’ equipment.
  • Selected specialist plants
    continue to attract interest.

 

Plastics

  • General decline within the
    injection-moulding sector, however demand remains for late model
    high tonnage machines. The reduction in oil prices has also eased
    pressure within the sector during the past 12 months.
  • Continued demise within the UPVC
    sector resulting in limited demand for such equipment.
  • The last six months have seen a
    downturn within the plastics recycling sector as increased
    overheads trim profit margins, and also due to the reduction in
    commodity prices.

 

Printing

  • Demand for standard items of
    printing equipment remains steady, although second-tier
    manufacturers equipment has a more limited appeal.
  • Reduction in demand for direct
    mail and associated equipment following a number of closures within
    the sector.
  • A large decline has also been
    seen in the large-scale publication press sector.

 

Woodworking

  • Very little demand in the UK for
    traditional woodworking equipment.
  • Limited demand remains for newer,
    high-capacity CNC machines, although realisations are
    depressed.

Used Assets: Change in demand on January 2008