CV manufacturing up again
UK commercial vehicle manufacturing enjoyed double-digit growth in January, according to figures published by the Society of Motor Manufacturers and Traders (SMMT).
Some 7,502 CVs were built in Britain in January, 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.’