Posted on: November 19, 2015
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.
October is the ninth consecutive month of growth for the market, with CV output rising 10.5% to 7,995 units. The year-to-date performance is up by more than a third compared with first 10 months of 2014.
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.”