The fledgling shoots of growth in the commercial vehicle sector which initially sprouted in January have continued into February, with the market increasing by 11.8 per cent, following January’s growth figures of 11.9 per cent.
A disconsolate Mike Benson has taken his complaint to the very top, after writing to the head of the Bank of England, Sir Mervyn King, about his inability to find a modest loan to buy a new Ford Transit for his business.
The Office of Fair Trading (OFT) has found itself firmly in the driving seat, having imposed fines totalling £2.6million on Mercedes-Benz and three of its commercial vehicle dealers, after the German giant admitted breaking competition law.
All those in attendance at this year’s UK Commercial Vehicle Show should keep their eyes peeled for the grand unveiling of the SmartWitness, which despite looking innocuous, promises to reduce insurance premiums for commercial vehicle drivers across the UK.
After a beleaguered 2012, 2013 has started much more brightly for van manufacturers. January has seen a 12 per cent rise to 16,049 in registrations of vans up to 3.5 tonnes when compared to the same period last year.
A recent blunder by Transport for London has led to the compensation of 35 van operators who were wrongly advised their vehicles no longer met the requirements of the London Low Emission Zone.
Citroen are looking to create a spark at this year’s Commercial Vehicle Show in the Birmingham NEC. The newcomer is due to be one of the star attractions on the Citroen stand, where several other Citroen LCVs will also be launched between 9th and 11th April.
Figures released this week show that the Ford Transit has just pipped the VW Transporter to the post as the most searched for light commercial vehicle in 2012 on the Van Trader website.
The latest figures for the year ending 2012 have shown the number of cars exported overseas from British car plants has hit a record high of 1.2million, up 8% on 2011. Meanwhile, fortunes for UK commercial vehicle manufacturers have not been so favourable, with exports falling by nearly 10%.