Today I am glad to be the bearer of glad tidings. Not only is it actually sunny outside for the first time in months, I also have good news about Van sales: They are up for the third month in a row. It seems that the van industry is slowly but surely recovering from the Recession and regaining growth.
New van registrations have been growing month on month since the beginning of the year with 34,691 registered in March. Whilst this is clearly a good sign the commercial vehicles industry is still not back where it once was. The first quarter of 2010 has seen 192,917 registrations which is a decrease of 22.4% on last years figure.
Those trading new or used vans, or operating van hire services will no doubt be feeling positive about the statistics. Whilst there is a long way still to go it is heartening to see things moving in the right direction. As the economy begins to recover the demand for vans is set to rise. Increased production will also be a positive step for the commercial vehicles industry.
What the industry needs now is continued, constant growth. The best way to return to previous levels is slowly, this will reduce the risk of supply outgrowing demand. Hopefully in three months time I will be able to report on six months of continued growth!