Posted on: June 25, 2015
Commercial vehicle production in the UK was boosted by export growth in May, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
A total of 6,808 vans, trucks and buses were made in Britain last month – a 32.8% year-on-year rise. Data for the first five months of 2015 further demonstrate a CV manufacturing resurgence, with production volumes up by almost a quarter, a total of 38,872 units.
The sector benefitted from increasing European demand in May, as exports rose 69.4%. Half of all commercial vehicles produced to date in 2015 have been built for export.
The home market was up by 5.5% to 3,098 units, reaching 19,702 for the year so far.
“May’s strong figures consolidate the UK commercial vehicle manufacturing sector’s return to form, following a more subdued period over the past couple of years when changes to type approval legislation disrupted fleet renewal patterns,” said Mike Hawes, SMMT Chief Executive. “Continued demand for high quality British engineering, growing business confidence and regulatory stability have helped to fuel steady growth for both the domestic and export markets.”