Tuesday, 23 February 2010

Van Registrations Remain Low

New figures released by the SMMT (Society of Motor Manufacturers) have shown that new Van registrations are predictably low. The stats show that January 2010's registrations were significantly lower than those for January 2009.

A total of
13,099 new commercial vehicles were registered in January down 34.5% year on year. These figures will come as no surprise to most in the new or used vans markets, although they are by no means totally bad news. It is hoped that the worst January since 1992 will encourage the Government to offer more support for van sales companies and those who rely upon them.

Paul Everitt of the SMMT is cautiously optimistic:
“New van and truck registrations continue to reflect a weak economic recovery and businesses reluctant to commit to new investment. These are the lowest January truck registrations since 1992, leaving most truck makers very disappointed at the slow start to the year. It is extremely important that government uses the upcoming Budget to encourage new investment in capital goods and help re-build business confidence."

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