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UK CV production sees substantial growth

19 March 2015 #News #Sales #Top Stories #Truck #Van

UK commercial vehicle manufacturing grew year-on-year by 33.7% in February, SMMT figures show, to 8,344 units.

The total output of 13,767 CVs manufactured represents a 6.5% upturn in the first two months of 2015.

The sector’s encouraging performance has been driven by demand from both domestic and export markets, up 56.1% and 13.4% respectively year-on-year.

“The surge in output from UK commercial vehicle manufacturers in February has put the sector on a strong footing for the year ahead,” said Mike Hawes, SMMT Chief Executive. “Demand from the UK’s prospering domestic market is driving growth, buoyed by a strong appetite from overseas buyers, with exports in February up by more than 13% on the same month last year.”

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