There has been a recent demand for commercial vehicles which suggest that Britain’s businesses both small and large may be on the up however other costs of motoring seem to continue to rise.
The motor industry has recently announced massive success, results at the end of the scrappage scheme showed a massive rise in new car sales in the previous 10 months. Now it seems that the sales of commercial vehicles are also rising.
Recent years have been hard for businesses based within the UK; both small and large companies have been affected by the recession we are currently battling. There have been a number of loved and well known firms that have gone bust in the last couple of years and others who have had to take other measures to survive such as laying of thousands of employees.
However results in March suggest that need for vans and commercial vehicle hire is definitely on the up, demand has been rising continuously for the past 3 months and 34,691 commercial vehicles have been registered in March.
This is great for Britain and a need for commercial vehicles suggests that our businesses may finally be picking up!
Petrol on the other hand couldn’t be in a worse state with the current cost of a litre being 1.20 beating the previous 2008 high of 119.7p.
The Government have also introduced a higher tax rate for new cars registered from April onwards. So owners of new cars in particular are going to find coming times hard with both the higher tax rate and the growing cost of fuel to worry about.
With the end of the scrappage scheme allot of Manufacturers are also providing a “swappage scheme” which is their own version of the governments scrappage scheme. When browsing earlier I found discounts roughly between 2-4 thousand through this “swappage scheme” but is it really beneficial with the news of the governments higher tax rate?
On top of this, recent information suggests that insurance premiums are increasing; research by Sainsbury’s finance suggests that car insurance prices have increased by 11% in the last 5 months.
The average yearly cost of running a car is now at £2,539; £201 dearer than last year and id say we can only expect this to grow!
So it looks like we’ll just have to wait and see what becomes of this situation, weather these costs will continue to rise or fall is unknown but the results of recent van sales and the news that manufacturers plan to decrease prices of new vehicles gives us that glimmer of hope!
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