Exports drive growth in CV production
- 02/04/2024
- Posted by: Alan Feldberg
- Category: News
UK commercial vehicle (CV) production almost doubled in February to 12,927 units, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
The 98.4% uplift in volume was the best February performance since 2008 and follows a particularly weak February last year as supply chain issues impacted manufacturing output.
Production for exports increased by 188% to 10,011 units, representing 77.4% of all CVs made in the month, while output for the domestic market fell four per cent to 2,916 units.
Year to date, CVs production is up 56.4% on the first two months of 2023 to 24,683.
Mike Hawes, SMMT chief executive, said: “CV manufacturing has kickstarted the year with two months of impressive growth as robust overseas demand for British-built vans continues. The challenge now is to maintain this success amidst fierce global competition, accelerating production of zero emission vehicles to enable the fast-paced delivery of these critical models. Strong performing economies at home and abroad will be key to this ambition.”
