The latest data from the Society of Motor Manufacturers and Traders (SMMT) suggests that the van and truck industry is still holding up, although industry experts will be frantically looking at the Spending Review to work out its effect on the transport business.
September figures show that the drivers of vans are still getting commercial vehicle insurance quotes for new vehicles as the sales figures for trucks and vans went up by 3.7% on the same period for 2009. Overall the sales of vans and trucks reached almost a quarter of a million over the rolling year. Taking September alone the joint sales of vans and trucks was 39,942.
The breakdown of the figures shows just how well light commercial vehicles are in fact doing. Of the 39,942 vehicles sold in September over 35,000 of them were vans. This was the eighth month in a row that sales have increased, which is testament to the resilience of the retail and transport industry in the UK at a time when many companies are railing back on investment. Over the rolling year van sales are up by 10.6%.
Sales for trucks were a little more disappointing; the sale of 4,633 showed a big drop for the rolling year but more disappointing was the fact that up to this month’s figures, vans sales had been on the increase for the last three months.
The Chief Executive of the SMMT, Paul Everitt, was pleased at the outcome of September 2010 in general. Car sales he reported were up by around 6% in the month and a healthy 35% on the rolling year and went on to say that the figures on the commercial side of the transport business “Show a slow but steady improvement. The falling truck numbers after three months of growth show the variable nature of economic recovery in the UK. We need the government to use its comprehensive spending review to prioritise economic growth as well as deficit reduction.”
He will today be looking at the governments proposed cut in Capital Ventures and hope that the big schemes in the pipeline for road improvements are not abandoned.