CV production enjoys summer spike
UK commercial vehicle (CV) production grew by 92.9% in August, with 6,132 new vans, buses, trucks, coaches and taxis manufactured.
According to the Society of Motor Manufacturers and Traders (SMMT), production volumes almost doubled compared with the same month last year.
Overall production has risen by 50.3% in 2022, at 64,828 units – some 19.4% higher than the pre-pandemic five-year average, resulting in the best first eight months of a year since 2012.
Mike Hawes, SMMT chief executive, said: “Despite the toughest operating conditions in living memory, the UK’s commercial vehicle manufacturing output continues to grow, fuelled by strong demand and supported by easing disruption. However, spiralling energy costs pose a long term threat to the sector and its efforts to deliver zero emission transport. Government measures will provide short-term respite, but we need long-term action that will restore stability and boost our international competitiveness.”
