Van and truck registrations in the UK rose 15.9 per cent year-on-year in 2010, marking one of best ever annual growth rates, figures show. Rising construction, output and a better-than-expected improvement in business confidence is believed to have driven the growth.
The Society of Motor Manufacturers and Traders (SMMT), which released the data, said new van registrations rose during all months of 2010, except one. Sales of trucks picked up during the second half of the year and finished at around the same levels as 2009.
The increase is said to indicate recovery from the recession and comes as good news for the van insurance sector.
It has never been more important for drivers to take out quality van insurance cover from a reputable insurer.
Investing time and energy into choosing the best cover for your individual needs is worth it when you think of the substantial costs and damage that could be incurred if you don’t.
SMMT chief Paul Everitt said: “While we still have a long way to go to get volumes back to pre-recession levels, we expect more growth in 2011 and 2012.”
