Surge in UK demand drives strong CV production growth in July
20 Aug 2015- UK commercial vehicle (CV) manufacturing grows 46.3% in July, with 9,274 units built.
- Production for the domestic market particularly strong, up 137.6% over July 2014, while exports steady.
- CV industry has seen strong recovery in 2015 so far, with a 32.4% uplift in output.
Britain鈥檚 commercial vehicle manufacturing industry continued its strong recovery in July, with production volumes up 46.3% over the same month last year. A total of 9,274 CVs were built in the month, with output for the UK market posting an especially strong gain of 137.6%.
July鈥檚 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鈥檚 growth comes off the back of increasing demand both domestically and abroad for UK-built CVs.
鈥淭he commercial vehicle manufacturing sector’s impressive performance in July is further welcome evidence of its ongoing return to form,鈥 said Mike Hawes, SMMTChief Executive. 鈥淎fter a difficult year of regulatory聽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.鈥
Click through to download the CV manufacturing data for July 2015.
