White vans are the future of off white van sales, according to a new report.
The study from van manufacturer VanWert says white vans are set to make up more than half of the market by 2025, and that they will account for about 10% of the total market by 2020.
The report notes that the industry is currently “trending away from off white,” with the company expecting to sell about half of its vehicles in the next 10 years, compared to about one-third today.
VanWert said that while off white sales have grown from about 3 million units in 2005 to 5.6 million in 2020, the market has shifted away from that model.
The company noted that the growth in off white vehicles has been driven by a new generation of buyers that have become more affluent.
The off white market is expected to account for nearly three-quarters of the industry by 2020, with the remaining share expected to be in the off white-vehicle segment.
The market is also expected to grow as the economy improves, VanWere said.
The company said that it has more than 20 years of experience in the white van market, and predicts that the market will grow from about 300,000 units in 2020 to more than 400,000 by 2025.
Van Wert said it will focus on sales to the European market, specifically in Germany, Italy and the Netherlands.
Van wert has sold off some of its off white production facilities, but said it is committed to the remaining white vans in its factory in South Carolina, according of the company’s press release.
It’s not the first time VanWortons been criticized for selling off off the production of its white vans.
In 2014, it said it would discontinue production of off-white vans after it discovered that it was producing the vehicles in China.