CV production surges into 2023
- 28 December 2022
- Posted by: Alan Feldberg
- Category: News
UK commercial vehicle manufacturing grew by 42.9% in November, with 11,343 vans, buses, trucks, coaches and taxis rolling off British factory lines.
According to the Society of Motor Manufacturers and Traders (SMMT), this made it the highest total output for November since 2011 and rounded off 11 consecutive months of increased production.
Growth was driven by overseas deliveries, which have seen double-digit increases throughout the year, rising by 89.4% to 7,990 units in November, while production for the UK fell by 9.9%.
Mike Hawes, SMMT chief executive, said: “Yet another month of growth in commercial vehicle output is good news for the wider UK industry and demonstrates how well-placed this critical sector is to supporting the British economy. A greater contribution is expected next year, but we cannot be complacent. Measures are needed to ensure Britain remains a globally competitive location for production, trade and investment to sustain long-term growth amid a period of complex economic challenges.”