LCV market is vital for economy
British Car Auctions (BCA) has published The Used LCV Market Report 2010 which highlights the vital role LCV’s play in the UK’s economy.
The report – authored by Professor Peter Cooke – analyses the changes in the sector over the last few years as well as identifying how important the market could be in pulling the country out of recession.
Cooke claims that the LCV market is “one of the most accurate barometers for the health of UK business“, despite it being overlooked in the past.
The report also outlines what Cooke believes is most likely to change in the LCV sector over the coming years. CO2 emissions, fuel strategy and the rise of electric vans are all at the top of his list.
Cooke’s report concludes that new LCV’s have a knock-on effect on the used market. Therefore the progress the new market has made in coming out of recession – as well as the long-lasting popularity of vans such as the Ford Transit – can only mean good things.