New van registrations in July turned out to be surprisingly good as they continued to rise on month by month figures.
The July figures from the Society of Motor Manufacturers and Traders organisation (SMMT), showed that although car sales showed a worrying drop in sales, it seems more motorists will be getting quotes for commercial vehicle insurance, as sales for light commercial vehicles and vans in general continued to surge ahead.
The combined total for new van and truck sales in July amounted to an impressive 20,069. Of these 17309 were van sales with the remaining 2,760 being sales of new trucks. The figures for vans show a very healthy increase of over 25% from July 2009 and bring the sales for the year so far up to 124,579. This represents a 17% increase on the year to date figures from 2009 and just keeps the rolling year figures in positive growth by 0.1%.
The truck sales showed a 9% increase from July 2009 although the year to date figures of 17,826 shows a deficit of almost 13% on 2009. The rolling year sales look even worse as they are 25% down.
Paul Everitt, the Chief Executive of the SMMT, commented “The recovery in van registrations continues with truck figures also up, July was another surprisingly good month for vans, with useful growth. Truck registrations are up too, but against a very poor month last year. Whilst the forecast for 2011 is more positive, the prospects for the rest of the year are gloomy and we expect a near record low for trucks. Fragile consumer and business confidence make the outlook for the next 18 months challenging.”
Tags: new van sales, sales figures, Van Insurance