- UK CV manufacturing grows 10.8% in January, with output reaching 7,502 vehicles.
- Exports fuel demand, growing 45.9% on the same month last year.
- Production for UK market declines by -26.0%.
UK commercial vehicle manufacturing enjoyed double-digit growth in January, according to SMMT figures. 7,502 CVs were built in Britain last month, an increase of 10.8%, as overseas demand continued to drive production. Exports grew 45.9%, counterbalancing a decline in domestic output, which fell -26.0%.
Mike Hawes, SMMT Chief Executive, said,
CV production got off to a great start last month, following a relatively stable year for the sector. The strong performance was driven by continued overseas demand, with 96% of all exported CVs heading for Europe. For this performance to continue, government must secure the competitive trading conditions that are so vital to the sector’s success.
