Conversion sales see growth despite market decline
Contradicting the LCV market decline of 3.6% according to latest SMMT figures, CoolKit’s vehicle conversion revenues grew 21% in 2017.
The growth has been credited to 360 van conversion sales to AAH Pharmaceuticals, Iceland Foods, Marks & Spencer, Lex Autolease and Vanarama, consequently increasing growth by 11% over 2016, increasing revenues for the company to more than £12m.
During 2017, CoolKit secured accreditations from manufacturers including Toyota, Renault Trucks, Volkswagen Commercial Vehicles and Ford.
Rupert Gatty, managing director of CoolKit, said: “Our first fleet order for new ultra-light ibox bodywork provided the user with the benefit of a demonstrable 1,200kg usable payload – a new industry benchmark.”
For more of the latest industry news, click here.