Strong Export Markets Continue To Fuel CV Manufacturing
By Maddy Price
Saturday, November 21, 2015 - 19:59
Figures released today by the Society of Motor Manufacturers and Traders (SMMT) show that foreign demand continues to drive British commercial vehicle manufacturing, with overall production volumes up 10.5% in October. Almost 8,000 commercial vehicles, including vans, trucks and buses, were built in the UK last month, with a 32.1% rise in production for export.
Mike Hawes, SMMT Chief Executive said, “It’s great to see UK commercial vehicle manufacturing continuing its resurgence in the third quarter of 2015, with year-to-date figures still demonstrating impressive double-digit growth. Particularly encouraging is the growing demand for exports, fuelled by the recovery of the sector’s largest market, Europe.”
|CV manufacturing||Oct-14||Oct-15||% Change||YTD-14||YTD-15||% Change|
CV output – rolling year totals 2008-2015