Van investment on the up

It’s the start of a new year and the start of what those in the motoring industry are hoping will be a growing trend. That is what’s being echoed by many since hearing that the amount of vans being invested in such as Ford commercial vans like the Ford Transit have increased in the first month of this year.

A report by the SMTT (the Society of motor manufacturers and traders) has brought great and enlightening news that in January 2011 the amounts of vans registered have risen by 49.8% compared to last years figures. A total of 17,154 light commercial vehicles were registered within the first month of 2011 giving an indication of an upwards growth throughout the year. Larger vans have also seen an increase, last month 19,621 medium to large commercial vehicles were registered an increase of 20.3%, Figures are taken from a comparison of the past year.

The Society of motor manufacturers and traders chief executive Paul Everitt has spoken about the seemingly good news but has warned that there are factors that may well freeze any current trends such as Fuel tax prices. He is quoted as saying “Next month’s Budget could prove crucial if freight operators’ concerns over fuel duty and access to credit for business investment are not addressed”.

The SMTT are often the bearers of good news regarding the motor industry and continue to analyse sales and figures ensuring that correct assumptions are reached when referring to any patterns in the Motoring Market. The society’s role is to promote and support the UK’s Car and Motor industry, formed in 1902 the group has helped the motoring industry in many ways including political lobbying and regularly organise a trade exhibition.

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