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CV manufacturing sector gearing up for a positive 2015

18 December 2014 #Bus and Coach #News #Top Stories #Truck #Van

UK commercial vehicle manufacturing levelled out in November after months of decline, with a positive outlook for 2015.

The home market saw growth for the second successive month , as 4,208 vehicles were built for the domestic market in November – up 12.4%. The total number of vehicles produced in the month totalled 7,073 units, with the sector only behind November 2013 by 0.7%.

CV export output fell by 15.2% compared to the same month last year, which leaves the overall CV manufacturing sector down 21.6% over the first eleven months of the year.  Export and home markets remain behind by 26.9% and 15.4% respectively.

SMMT Chief Executive Mike Hawes said, “The signs remain positive for UK commercial vehicle production after many months of decline, with output in November almost level.

“The strong UK market is driving the turnaround, while export markets continue to struggle. We anticipate 2015 to be a better year as new models ramp up and the effects of last year’s restructuring no longer apply.”

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