Light commercial vehicle running costs rise
Published: 24 November, 2010
LONDON: Commercial vehicle operating costs have rocketed this year with chassis up as well as operating costs on insurance, parts and fuel, according to the RAC.
A typical light van now costs £8995 or almost 45p a mile to keep on the road each year, up 10.7% on last year, based on mileage of 20 000 a year.
The RAC said rising forecourt prices and a weak second hand market had driven depreciation charges for commercial vehicles to more than 20% a year. The rising cost of fuel also made its mark.
John Franklin, RAC spokesman, said: "It's been a bad year. It costs more and more to keep your vehicle on the road and there doesn't seem to be an end in sight."
Vehicle operators have seen fuel costs rocket almost 14% this year. Manufacturers and dealers have also marked up new vehicle prices on average 18% this year as demand has recovered.
Mr Franklin said the weak sterling exchange rate had increased the cost of imported parts, driving up maintenance costs for many commercial and executive car models.
Rising insurance premiums, up 40% over the year for all drivers and higher for younger, male drivers, have also contributed to the bleak picture.
The most expensive commercial van to keep on the road, as tracked by the RAC, was the Nissan Navara diesel pick-up Tekra 4WD. It now costs £10 000 a year to run, compared with £9680 last year.
A typical Ford Fiesta diesel 1.4 TDCi saw a smaller leap in costs, up from £5,369 to £5,653. Owners of Ford Transit Connect 200 SWB diesel low roof vehicles suffered a £903 leap to £7250 a year, mainly due to falling second-hand values.