The Car and Truck Fleet and Leasing Management Magazine

UK Demand Drives CV Production

September 01, 2015

Graphics: SMMT
Graphics: SMMT

Britain’s commercial vehicle manufacturing industry continued its upswing in July, with production volumes up 46.3 percent over the same month last year. A total of 9,274 CVs were built in the month, with output for the UK market posting a gain of 137.6 percent, according to the Society of Motor Manufacturers and Traders (SMMT).

July’s figures are a continuation of the recovery made by the sector throughout 2015, which has seen production levels grow by a third to 57,967 units. Volumes last year were impacted by some restructuring within the industry, as well as a spike in truck demand in 2013 related to type approval changes. This year’s growth comes off the back of increasing demand both domestically and abroad for UK-built CVs, according to the SMMT.

Graphics: SMMT
Graphics: SMMT

“The commercial vehicle manufacturing sector’s impressive performance in July is further welcome evidence of its ongoing return to form,” said Mike Hawes, SMMT Chief Executive. “After a difficult year of regulatory upheaval, we’re now seeing demand for British-built vans, trucks and buses bounce back as fleet renewal patterns return to normal and the online delivery market continues to grow.”

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