UK Demand Drives CV Production
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.
“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.”