CV production surges during 2022
- 26/01/2023
- Posted by: Alan Feldberg
- Category: News
UK commercial vehicle (CV) production grew 39.3% in 2022, with 101,600 units leaving factory lines over the 12 months.
Output fell 23.6% in December, according to the Society of Motor Manufacturers and Traders (SMMT), but the overall total was up 29.8% on pre-pandemic 2019 and the highest since 2012.
Output for the domestic market rose by 14% year-on-year to 40,409 units, with vehicles built for overseas markets up 63.4% to record their highest share of production (60.2%) since 2017.
Mike Hawes, SMMT chief executive, said: “British CV manufacturing’s best annual performance in a decade is testament to the determination and agility of the sector, which continued to meet strong demand despite extremely challenging operating conditions. However, long-term success is contingent on the sector’s ability to remain competitive in the global race to net zero. Support to bring down soaring energy costs, encourage investment in zero emission technologies, and equip our talented workforce with the right skills to deliver these vehicles, will be essential in keeping the nation and economy on the move.”
Looking ahead to 2023, volumes are expected to grow significantly, notably on the back of new model activity and an increase in electric van production. This boost is set to see manufacturing surpass 160,000 units in 2023.
