Van demand improvement continues in May 2010

Demand for new vans in the UK has continued its gradual recovery towards pre-recession levels in May 2010.

The Society of Motor Manufacturers and Traders (SMMT) has published research showing that light commercial vehicle registrations were up 32.8 per cent year-on-year last month, reaching a total of 17,025.

This was attributed to improving levels of demand, although the SMMT estimates that demand across the van and truck sectors still remains around 45 per cent below their rate from before the economic downturn.

With van sales remaining 11 per cent down for the rolling year compared to 12 months ago, SMMT chief executive Paul Everitt suggested further stimulation for the sector remains necessary.

He said: “Against this background it is vital that the emergency budget helps keep the recovery moving.”

Last month, British Car Auctions published research which suggests that demand in the used van market is gaining in health, leading to an increase in the value of second-hand stock.

For the #1 van insurance, visit ChoiceQuoteADNFCR-1036-ID-19821567-ADNFCR