Despite the ongoing chip crisis, all the indications are that the market will eclipse pre-pandemic levels in 2022, completing a bounceback at least 12 months earlier than any analyst is predicting for the car market.
How so? The booming gig and home-delivery market is the obvious answer, but it’s also notable that the construction industry is getting back on its feet and that business investment as a whole is growing again. It’s notable too that electric vans are starting to make a mark, with chunky orders being placed by large corporations with sustainability goals and net-zero targets to hit. While the car market is currently far ahead in terms of its proportion of electrified registrations, many expect electrified vans’ growth curve to be much sharper.
Depending on how long the chip crisis lasts into next year, it might never happen again but, make no mistake, the fact that a van is the UK’s best-selling vehicle is neither a coincidence nor merely a symptom of a bumpy car market. For many, and most notably Ford, van sales have never been so important.
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