Vans are worth €580 billion of Europe’s economy image

A new report taken on Ford Transit’s 50th anniversary indicated that commercial vans are a massive part of the European economy, where areas like building, maintenance, repair, utilities and transport produced €580 billion in France, Germany and the United Kingdom, according to the London-based Centre for Economics and Business Research.

A significant growth was spotted in online shopping where painting, plumbing, plastering and regular Transit businesses led to an increase in usage van. Ford is Europe’s second commercial vehicle brand which produces four Transit models for the European auto market and that has had a good year so far, recently registering a 33% increase in sales for the first half of 2015.

“Most people see the Transits and other work vans on the road every day and don’t realize how vital they are for business at large, as well as the overall economy. Even as our economy changes and evolves – with shifts to online shopping for example – the demand for Transit vans is only rising,” said Barb Samardzich, chief operating officer of Ford Europe.

Van sales and usage have been increased by new small businesses that came to life especially in the U.K. after the financial crisis that started in mid-2007. The Centre for Economics and Business Research stated that the major economic benefits from using vans go beyond the upfront business impact, such as the tax contribution to public finances. In the U.K, vans accounted for 102 billion kilometers covered in 2014, up 20% compared to 2008, producing more than €7 billion in fuel duty.

By Gabriela Florea