CV production a third up from pre-Covid levels
- Posted by: Alan Feldberg
- Category: News
UK commercial vehicle (CV) production grew 64.4% in June with 9,549 units leaving British factory lines.
According to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT), June production volumes were the highest since 2015 and 32.7% above the pre-pandemic five-year average.
The strong performance means total output in the year to date reached 50,596 units, up 47.4% on 2021 and 16.6% above the pre-pandemic five-year average.
Mike Hawes, SMMT chief executive, said: “The CV sector’s best first half performance in a decade is evidence of its resilience, as manufacturers strive to ensure orders for these vehicles, which are critical to the UK economy, are delivered in a highly challenging economic environment.
“At the same time, manufacturers are committed to building a growing range of more fuel efficient and zero emission vans, trucks, buses, coaches and taxis, an essential step towards achieving Net Zero, while ensuring society can continue to move. We must protect the global competitiveness of the sector amid these challenges, however, starting with measures to tackle energy costs, so that the UK continues to be among the world’s leading manufacturers for these vital vehicles.”