Van sales for July dropped by 0.8 per cent, which isn’t really a number, however or the rolling year, registrations stood at 248,736, up 21.6 per cent
The SSMT’s further analysis reveals:
• Van registrations grew strongly from the end of the recession in 2009/early 2010. July’s market saw this trend change as the recovery phase of the cycle subsides.
• Underlying annual van registration volume is back to near 250,000 units - a significant recovery given the 190,000 unit benchmark typical at the bottom of the recent recession.
SMMT Chief Executive Paul Everitt says: “July saw the first drop in the volume of vans registered following 17 consecutive monthly increases, reflecting a more uncertain period for the economy. Truck figures rose by 27.5%, the tenth successive monthly rise and while industry remains cautious, expectations for the remainder of 2011 are optimistic, with van and truck figures looking set to reach 300,000 units by year-end.”
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