- UK commercial vehicle production dips -4.1% in November compared with a strong 2023.
- Volume of vans, trucks, buses and taxis heading for UK sale falls -3.2% as exports drop -4.4%.
- 2024 output remains 5.6% up with the largest year-to-date volume since 2008.
- Sustained success depends on ambitious Industrial Strategy with £50 billion green growth potential.
UK commercial vehicle (CV) output dipped for the second month in a row in November, down -4.1% with 12,749 units leaving factories, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The decline is in comparison with a particularly strong 2023, which saw the biggest November volume in 17 years.1
The UK’s CV sector is export-led with seven in 10 (70.9%) vehicles produced in November heading overseas, although volumes were down by -4.4% to 9,034 units. The EU continues to be Britain’s biggest export market, with almost all (98.7%) exports destined for sale in the bloc.2 Production for the UK is still significant, at 3,715 units, although -3.2% below November last year underlining the importance of measures that encourage greater uptake of new CVs – particularly the latest zero emission models, many being made in Britain.
In the year to date, volumes are up 5.6% with 118,583 units produced – the largest January-November output since 2008,3 reflecting robust demand in the UK and Europe. Growth is also greener with ever more British-built zero emission models being made. The UK can have a major role in decarbonising the sector globally – bringing with it new investment, a stronger economy and more jobs – but such gains are not guaranteed as manufacturers look globally for the most competitive countries in which to invest.
Putting the UK at the front of the queue requires an ambitious Industrial Strategy – with automotive at its heart – offering clean and affordable energy, a highly skilled workforce, strong free trade agreements and, given manufacturers build close to where they sell, a vibrant domestic vehicle market. The right strategy could help deliver a massive £50 billion of green growth by 2035.4 Most urgently, government’s upcoming review of its zero emission vehicle mandate – pledged before Christmas – must reflect the support, incentives and infrastructure needed for different vehicles. It is essential to ensure the regulation is workable and positions Britain as an attractive place to make and sell new products.
Mike Hawes, SMMT Chief Executive, said,
With more British-built commercial vehicles keeping businesses here and abroad on the move, that supports UK jobs, trade and economic growth. It’s essential this sector continues to thrive but long-term growth requires an ambitious Industrial Strategy to make Britain a globally attractive location for new investment. Having strong markets close to where products are made is a major advantage, so government’s review of the EV mandate must come quickly and ensure market support is as ambitious as regulation.
Notes to editors
1 UK CV production, November 2023: 13,291 units; November 2007: 22,028 units.
2 UK CV exports to the EU, November 2024: 8,916 units.
3 UK CV manufacturing, January-November 2008: 196,606 units.
4 SMMT Vision 2035 report: https://www.smmt.co.uk/2024/06/back-automotive-and-reap-50bn-growth/
