CV production up 59% on 2019
UK commercial vehicle (CV) production surged 47.1% year-on-year last month, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).
It reported that 12,853 vans, buses, trucks, coaches and taxis rolled out of factory gates, up 4,113 units on last year to make this the best performing October since 2008. Production for exports were 47% with domestic orders increasing by the same amount.
So far this year CV production is up 15.3% (98,610 units) on last year and 59% higher than in 2019.
Mike Hawes, SMMT chief executive, said: “A return to growth after September’s dip highlights the sector’s resilience and ability to build high-quality commercial vehicles – evident in the increasing demand for British-build vans at home and beyond. Continuing success, however, is not guaranteed. Tougher Rules of Origin for electric vans are set to come into effect from 1 January 2024, posing significant challenges so with just weeks remaining, a resolution is needed urgently, one that helps the sector on both sides of the Channel avoid additional cost and competitiveness challenges.
