Commercial vehicle drivers looking to make a van purchase are likely to turn to the second-hand market as opposed to brand new motor traders, it would seem.
According to new figures released by the Society of Motor Manufacturers and Traders (SMMT), the van industry has continued to suffer as a result of the economic downturn.
New van registrations in June were down 40.1 per cent for the month and 30 per cent for the rolling year.
SMMT chief executive Paul Everitt commented: “The commercial vehicle market continues to reflect the very difficult conditions facing business buyers, particularly those in the freight transport and construction sectors.”
However, he added that the organisation expects registrations to stabilise at the end of the next quarter.
Meanwhile, the Retail Motor Industry Federation recently claimed that commercial vehicle drivers fail when it comes to carrying out adequate maintenance and servicing on their vans, which often results in them having to pay hefty repair bills.
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