Record insrease in used van values signify recovering economy
Record insrease in used van values signify recovering economy
Recently released industry figures suggest that the current value of vans is soaring. The new evidence shows that both the economy and the automotive industry are re-building after a difficult period for the Light Commercial Vehicle (LCV) market in particular. Following a phase of rapid decline throughout 2008, the average price of used LCVs has now increased by a staggering 30% over the course of last year*.
www.thevaninsurer.co.uk which is the fastest growing van insurance comparison site in the World understands that the latest sales figures from British Car Auctions (BCA) are the highest for 24 months and indicate progressive recovery within the industry since December 2008. The increase in vehicle values parallel an escalating resurgence in the British economy after last month’s Government announcement on GDP expansion, stating the recession as over **.
Alex Stone, CEO of www.thevaninsurer.co.uk commented:
“The improvement of the commercial vehicle market in 2009 at last symbolises a light at the end of the tunnel for the industry. The UK has just suffered the worst recession in 60 years and the commercial vehicle market experienced a particularly rough ride. However, it can now be said that the industry’s future, as shown by the reassuring growth of used-van values by the end of the year, is extremely promising.”
www.thevaninsurer.co.uk was launched last year in the midst of the global economic crisis as a means to aid the consumer in finding the best possible deal on van insurance. The site guarantees to provide any user with the cheapest online quote to ensure its customers are saving money.
The website also offers every customer free legal insurance with every quote, not just every policy bought, as well as comparing the level of policies to pledge that users can expect the most competitive rates on the market.
*Average used LCV value figures taken from British Car Auctions - December 2009
** http://www.direct.gov.uk/en/Nl1/Newsroom/Broadcasts/DG_184602
Article By alex
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