New van registrations look to be bottoming out in January

New van registrations look to be bottoming out, with just a 1.7% fall for January, however with just 11,546 vehicles sold it’s hard to see it getting any worse. Nissan took the biggest hit with a drop of 73.4% for the month, followed by heavy hitters Ford and Vauxhall with 16.9% and 16.8% respectively. Mercedes achieved the biggest success with an increase of 73.9% thanks to some rather large fleet deals.

“New van and truck registrations continue to reflect a weak economic recovery and businesses reluctant to commit to new investment,” said Paul Everitt, SMMT chief executive. It is extremely important that government uses the upcoming Budget to encourage new investment in capital goods and help re-build business confidence.”