Exports drive growth in CV production
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.”
