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Strong Export Markets Continue To Fuel CV Manufacturing

By Maddy Price
Saturday, November 21, 2015 - 19:59

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SMMT

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
Total 7,235 7,995 10.5% 57,981 79,401 36.9%
Home 4,372 4,214 -3.6% 28,846 40,610 40.8%
Export 2,863 3,781 32.1% 29,135 38,791 33.1%
% export 39.6% 47.3% 50.2% 48.9%

CV output – rolling year totals 2008-2015

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