2010 van sale forecast increased due to higher than expected sales

The Society of Motor Manufacturers and Traders (SMMT) have announced amendments to the number of van sales it previously thought would occur in 2010. Higher than expected van sales in the first quarter of 2010 have lead to the SMMT raising its projected van sales figures from 187,600 to 202,000. This is more than a 7% increase on the original forecast.

This new forecast has been welcomed by the motor industry and van retailers, who have been hit hard by the recent recession. If the forecast is realised, then van sales will be up by 8.6% on 2009 figures.

The SMMT believes that the rise in the number of expected van sales reflects an “increased confidence and stability and a sustained level of consumer demand”. However, SMMT chief executive Paul Everitt, warns that “the coming months will be challenging now that the scrappage scheme has ended” and calls on the Government to provide consumers with support.

If you are one of the many people looking to buy a new van then make sure you have adequate van insurance and that you aren’t paying more than you need to. Van Compare is an independent van insurance broker and is here to help. We look at the cover available to you from a wide range of insurers and compare van insurance quotes to make sure you save money.

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