UK manufacturing produced 5,553 commercial vehicles in January, thanks to a strong and steady home market, while exports remained subdued.
Output saw an 18% fall over January 2014 figures, but with a number of new models introduced recently and further announcements expected this year, increasing production of new CV models is expected to yield growth later in 2015.
“The commercial vehicle sector saw manufacturing output decrease year-on-year in January, although there is still confidence in the sector,” said Mike Hawes, SMMT Chief Executive. “The home market for commercial vehicles has been strong in recent months and we expect a continued resurgence to help drive growth. Production is expected to ramp up on recently introduced models which will increase output.”
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