As many people know, there is a Low Emission Zone (LEZ) in place around London that requires trucks entering the area, to be up to a minimum exhaust emission standard of Euro4 or face big fines. From April 19 there will also be a new zone created within the centre of London, in the same area as the Congestion Charge zone.
The new sector will be called the ‘Ultra Low Emission Zone’ (ULEZ) and the requirements to enter will be Euro6 exhaust emissions. Now, the vast majority of trucks on the road and the customers we sell to will never go into either of these zones. However, there’s a lot of talk in government and local authorities that cities like Manchester will also follow suit and introduce their own LEZ of some sort.
What standard these zones will be, whether its Euro5 or Euro6 is unknown. This uncertainty is having a massive impact on used vehicle prices. Buyers do not want to update a vehicle if they’re going to have to replace it again in a short timescale.
As a result we are seeing some, mainly common spec Euro5 and older trucks dropping quite steadily in price, while the same truck in a Euro6 spec is very much holding its value and in some instances going up!
Something needs to be done to clear this up, we have a right to know whether these zones will be introduced or not. In the meantime if you don’t need a Euro6 specification truck and are thinking of replacing a vehicle, now is the time to buy.