CV production up 68% year-to-date
- Posted by: Alan Feldberg
- Category: News
UK commercial vehicle manufacturing output grew 9.3% in July to reach 8,853 units.
According to the Society of Motor Manufacturers and Traders (SMMT), this represents the busiest July since 2015.
Meanwhile, year-to-date production is up by 68% on pre-pandemic levels.
Growth was driven by easing supply chain challenges and an ongoing rise in export demand, which swelled by 18.9% to reach 5,392 units.
Following four consecutive months of growth, commercial vehicle production is now up by 15% on the same period in 2022, with 67,528 units produced so far.
Mike Hawes, SMMT chief executive, said: “This year is turning into a real success story for UK commercial vehicle production with soaring exports and a steady, stable domestic market. However, with major markets making the transition towards zero emission vehicles, production must be prepared for long-term change. To secure ongoing success, Britain urgently needs a green automotive transformation strategy that shores up skills, delivers cheaper energy and attracts investment.”