UK CV production hits eight-year high in July
UK commercial vehicle manufacturing output grew 9.3% in July, marking its fourth consecutive month of growth.
The rise to 8,853 units gave the industry its busiest July since 2015, while year-to-date production is up by 68.0% on pre-pandemic levels, according to the new figures from the Society of Motor Manufacturers and Traders (SMMT).
Growth was driving by rising export demand, which swelled by 18.9% to reach 5,392 units. The EU accounted for the vast majority of the UK’s van, truck and bus exports, receiving 94.2% of all July output sent overseas. Conversely, production for the domestic market decreased slightly, down by 3.0% to 3,461 units following particularly strong growth in 2022.
Commercial vehicle production year to date is now up by 15.0% on the same period in 2022, with 67,528 units produced so far, continuing the sector’s best year for output since 2011. Exports are again responsible for the rise and are up 25.7% for the first seven months of 2023 to reach 43,195 units, while domestic output has held stable at 24,333 units.
Mike Hawes, SMMT chief executive, said: “This year is turning into a real success story for UK commercial vehicle production with soaring exports and a steady, stable domestic market. However, with major markets making the transition towards zero emission vehicles, production must be prepared for long-term change.
“To secure ongoing success, Britain urgently needs a green automotive transformation strategy that shores up skills, delivers cheaper energy and attracts investment.”