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Commercial vehicle production up 9.8% in November
UK commercial vehicle (CV) production increased 9.8% in November, with 8,768 units manufactured, according to latest figures released by the Society of Motor Manufacturers and Traders (SMMT). Output for overseas markets was up 43.5%, but production for the domestic market fell again, down -21.7% as business confidence remained weak.
Factories produced 785 more units than in the same month last year, with the increase partly due to the ramp up of key new model production. Year-to-date, output is -9.3% down, with exports having fallen by -11.5%.
70,918 CVs have been produced so far this year, with nearly 6 in 10 shipped overseas, highlighting the importance of international trade.
UK commercial vehicle production increased by 9.8% in November with 8,768 units manufactured, according to figures released by SMMT / Picture: DAF Trucks
Mike Hawes, chief executive of SMMT, said: “It has been a turbulent year in the commercial vehicle sector, with political and economic uncertainty contributing to a drop in demand, especially from UK fleets.
“Operators need stability and confidence to invest so industry looks forward to working with the new government to help deliver an ambitious EU trade deal, which is tariff free, avoids barriers to trade and includes regulatory alignment.”
Graphic & data courtesy of SMMT