Previously, the market for vans was stagnate. Old models paired with poor optimism in the business world made vans appealing as cold liver and onions. But Bloomberg reports that vans are making a comeback.
Data from Edmunds shows that van sales by unit have more than double in the past five years, outpacing the pace set by the auto industry overall. More surprising is that in the first quarter, sales of vans climbed another third. If this growth trend continues, its expected that 475,000 vans will be sold in the year.
So what is causing this explosion in van sales? Two factors. First are new vans arriving in showrooms. Ford. Mercedes-Benz, Nissan, and Ram have introduced new vans that are more efficient and boast more space.
"The big trend that we’ve seen is customers being able to right-size their vehicle for the job that they need. We had a show where we had the Mustang GT500 and the conversion van, and the van actually drew as much attention,” said Yaro Hetman, the brand manager for the Transit.
Secondly is the resurgent of specific jobs; skill trades, deliveries, and transportation. The National Federation of Independent Business says the optimism in business has been growing in the past few years. With this increased optimism, comes sales.
Source: Bloomberg
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