The Euro puts the boot in

Just when you thought the UK van industry was starting to get up from the repeated blows received during this latest downturn along comes the old enemy the Euro to stick the boot in again.

By the end of 2008 the Pound had lost 25% of its value against the Euro, meaning £1 equates to around 1 Euro. Whilst this is great for exporters it is not so good for importers. Most of the vans sold in this country are produced in mainland Europe and then imported into the UK.

This change in exchange rates is now starting to filter through to the UK van market and the manufacturers are now going to have to pass on their increased costs to the UK dealers.

Over the last week every manufacturer has annouced a price hike. Not exactly what we need with the economy in tatters.

So the advise at the moment is go for vehicles in stock and save yourself a considerable amount of money.


vanblogger