Van Prices: Have They Gone Up?
In the UK, van sales have seen a significant rise in recent years. This is due to an increase in demand for vans from both businesses and private buyers, as well as a surge in the number of commercial vehicle manufacturers entering the market.
The latest figures from the Society of Motor Manufacturers and Traders (SMMT) show that van sales for the year to date have increased by 6.2% compared to the same period in 2018. This follows a steady rise in the previous three years and is the highest annual growth since 2017.
The increase in van sales is being driven by a number of factors. Firstly, the UK economy remains strong and businesses are investing in new vans to meet the growing demand for their services. Secondly, private buyers are increasingly turning to vans as an affordable and practical alternative to passenger cars. Finally, the number of van manufacturers entering the market has increased significantly in recent years, with the likes of Volkswagen and Mercedes–Benz now offering a wide range of vans for all budgets.
Overall, the UK van market looks set to remain strong in the coming months. The SMMT predicts that the current rate of growth in sales will continue for the rest of 2019, with the total number of vans sold likely to exceed 400,000 by the end of the year.
For businesses and private buyers alike, the UK van market offers a wide range of options that are suitable for all budgets and requirements. With the current rate of growth in sales likely to continue, now is a great time to invest in a new van.