Commercial vehicle saw a poor 2009

The commercial vehicle market has seen a very unstable 12 months. First an increase in the number of un-employed tradesman now looking to become self-employed was on the rise. This saw commercial vehicle sales see a slight rise but the main point of sale came from second hand vans, which the corporate companies saw little to no money from. Then as the year went on the number of people, haulage companies and other motor reliant companies saw no need to spend extra cash on buying new vans.

These changes have had a negative effect to commercial vehicle manufacturers and recent figures released by SMMT showed the extent of the damage. In 2009 the total sales figure had dropped in the market by a massive 36.2% compared to that of 2008. To add insult to injury as many companies and sources believe that the number of sales in the commercial vehicle industry are a big indication to the health of the UK's finances.

Paul Everitt, SMMT's chief executive said: The commercial vehicle sector is incredibly difficult. The question we asked is what it is we can do, what it is the government can do and we have not really come up with anything. Business demand and consumer confidence remains low and the effects of recession will be slow to clear in key parts of the commercial vehicle markets. It is essential that government helps to sustain economic recovery by encouraging capital investment and more affordable finance."

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