CV production hits six-year high
- 29/03/2019
- Posted by: Alan Feldberg
- Category: News
British commercial vehicle (CV) production hit its highest point since 2012 last month. It increased by 53.5% in February to 9,233 vehicles, according to figures published by the Society of Motor Manufacturers and Traders (SMMT).
The number of CVs manufactured for both domestic and export markets posted significant gains in the month, growing by 57.3% and 51.9% respectively. Almost seven in 10 British CVs were destined for global markets in February, as demand from overseas continued to drive output.
Year-to-date, the market painted a similar picture, with manufacturing up by 51.3% compared with the same and particularly weak period last year. In the first two months of the year, 18,415 vans, trucks, taxis, buses and coaches left British production lines. However, output is expected to slow next quarter in preparation for the subsequent ramp-up for new model lines.
