LDV runout begins: up to $33,000 slashed as Inchcape prepares exit

Inchcape has fired the starting gun on its LDV exit, repricing the brand’s entire landed-stock inventory with cuts of up to $33,000 and a Deliver 9 Cab Chassis now listed at $19,990.

A pricelist issued by LDV New Zealand on 17 August moves every model in the range to runout Recommended Sale Price positioning, valid on landed stock at participating dealers while it lasts.

The Deliver 9 Cab Chassis carries the most aggressive number, priced at $19,990 in both L3 and L4 forms, down from $52,990, a $33,000 reduction on a two-litre automatic cab chassis that will make it comfortably the cheapest new commercial platform in the market.

The Terron 9 tells the story of a launch overtaken by events. LDV’s newest ute, on sale locally for barely a year, is split into two stock positions: MY25 Elite units at $38,990, a $16,000 cut, and MY26 Elite stock at $44,990. The Premium drops $12,000 to $47,990. Dealers will be managing a $6000 price gap between near-identical utes on the same yard.

The T60 MAX and MAX Plus each shed $13,000, to $31,990 and $36,990, while the D90 SUV range is down $10,000 across all three variants, now spanning $39,990 to $47,990.

In the van range, Deliver 9 pricing has an unusual wrinkle: Heavy Duty versions of the Big and Bigger are now cheaper than their standard equivalents, at $45,990 against $46,990 and $49,990 against $51,990 respectively, pricing set by stock position rather than spec walk. The Deliver 7 opens at $35,990, Deliver 9 minibuses fall to $75,990 (12-seater) and $65,990 (14-seater).

Interestingly the site no longer carries pricing for EV stock.

The website carries a customer notice confirming the transition. “Inchcape New Zealand’s role as the distributor of LDV vehicles in New Zealand is changing,” it states, adding the company is “not yet able to confirm the future distribution arrangements” for the brand.

The notice is clearly aimed at overcoming purchase hesitancy in runout: new vehicles bought from authorised dealers remain covered by the manufacturer’s warranty applicable at time of purchase, and warranty support, parts supply and servicing continue unaffected. Customers are directed to dealers, feedback@ldv.co.nz or 0800 510 013.

For the network of around 10 LDV dealers, the clearance brings volume opportunity and margin questions in equal measure, along with the residual-value headache that follows any repricing of this scale. Trade-in and used values on late-model T60s and Terron 9s will need to be rebased against a $31,990 new T60 MAX, and recent retail buyers who paid full freight will not be celebrating.

Second brand in the playbook

The move mirrors the pattern at KGM, which Inchcape announced it was exiting at the start of July before confirming the LDV decision on 23 July. Both brands came to Inchcape through its August 2023 acquisition of Great Lake Motor Distributors; Subaru remains.

LDV’s registrations had already slowed sharply before the announcement, with 462 units to the end of June against 1405 for the full 2025 year.

SAIC is expected to confirm new distribution arrangements in due course. Until then, the runout pricing gives dealers something to sell, and gives whoever picks up the brand a market repriced well below where it sat three months ago.

LDV runout pricing, 17 August 2026