UK commercial vehicle manufacturing output rose by 46.3% to 9,274 units in July, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
The SMMT figures show that this year’s strong recovery in volumes has continued through the summer, with rising exports providing an additional boost.
|CV manufacturing||Jul-14||Jul-15||% Change||YTD-14||YTD-15||% Change|
Data courtesy of SMMT (www.smmt.co.uk)
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.
Commenting on the figures, Mike Hawes, the SMMT chief executive, said:
“The commercial vehicle manufacturing sector’s impressive performance in July is further welcome evidence of its ongoing return to form. 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.”
This graph shows how UK CV manufacturing output and exports have changed since June 2008: