November 14, 2010 19:01 ET

October Sees Rise in Registration of Vans

MANCHESTER, UNITED KINGDOM--(Marketwire - Nov. 14, 2010) - October's registration of vans was up 8.7% on September, according to Swinton Commercial, a leading provider of van insurance.

A total of 21,305 vans were registered in October, coming as a relief for an industry that, like most, has struggled with the recession and fluctuating fuel prices over the past three years.

Swinton Commercial can also reveal that new van registrations are up 18.8% on last year, totalling 247,637 for the year. This sustained increase in commercial vehicle registrations provides confirmation that the commercial transport economy is continuing to recover, and the van industry is leading the way, with the ninth successive month of growth on last year.

Unfortunately the truck industry isn't recovering as quickly, as it seems operators and logistics companies are opting for multiple, smaller, less costly vehicles as opposed to a single, larger investment, and with the ever buoyant internet market promising next day delivery, vans are better positioned to grow first.

Phil Moss, Commercial Vehicle Manager at Swinton Commercial, said: "It's great to see the van industry recovering from the recession with continued growth, as this can have a positive impact on other industries including insurance."

About Swinton:

  • Swinton Commercial is the dedicated commercial insurance division of the Swinton Group
  • Swinton Commercial was awarded Commercial Lines Broker of the Year 2008 and is a finalist at the British Insurer Awards 2009
  • With 603 branches nationwide Swinton is the UK's largest high street insurance retailer
  • Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community
  • Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance
  • With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates

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