How can we tell how small businesses are feeling? Find out how many vans they’re buying.
Van sales were up 32 percent in July over last year, a greater increase than nearly every other vehicle type (exception: sports cars), according to data from Bloomberg Industries. “Van sales offer an insight into corporate economic sentiment, given their high penetration into small businesses and commercial fleets,” writes analyst Kevin Tynan. He estimates that well over 90 percent of vans are purchased by businesses.