In a sign the broader economy is on an upswing, small business owners who use commercial vans in their business are replacing their aging equipment with new vans, fueling a boom not seen since the start of the Great Recession.
USA Today reports as small businesses begin to invest in their companies once more — and with borrowing on the rise with loosened credit now available — commercial van sales rose to over 40 percent since 2010. The winter weather failed to put a dent in sales, rising 9 percent in January as auto sales fell 3 percent in the same period. IHS Automotive, in particular, expects sales to grow 27 percent overall between 2013 and 2015, with over 400,000 units leaving the lot for the wrap shop annually.
Though the commercial van market has been dominated by Ford, Mercedes-Benz and General Motors, more automakers are entering the market with offerings of their own, such as Nissan’s NV series and Ram’s minivan-based Cargo Van. As a result, total small van sales — such as the Ford Transit Connect and Nissan NV200 — were over 53,000 units in 2013, while 259,000 large vans were sold in the same period.
More vans are expected to enter the market this year, including the Nissan NV200-based Chevrolet City Express and Fiat Doblo-based Ram ProMaster City.