September’s output is the highest of any month so far this year.
28 Oct 2022 | 2475 Views | By Autocar Pro News Desk
UK CV production rises 53.6 percent to 11,979 units in best September since 2011 and ninth consecutive month of growth.
2022 UK commercial vehicle (CV) production grew by 53.6 percent in September, with 11,979 vans, buses, trucks, coaches and taxis rolling off British factory lines, according to the latest figures ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
UK CV production rises 53.6 percent to 11,979 units in best September since 2011 and ninth consecutive month of growth.
2022 UK commercial vehicle (CV) production grew by 53.6 percent in September, with 11,979 vans, buses, trucks, coaches and taxis rolling off British factory lines, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). September output levels reached their highest since 2011, marking nine months of consecutive growth in reaction to robust demand for UK-made vans at home and in key export markets.1
September’s output is the highest of any month so far this year, driven by strong orders from overseas markets, rising significantly by 70.4 percent to 7,333 units, with 95 percent of these destined for the EU. Production for the UK also grew, up 32.9 percent on the same month last year, to 4,646 units.
Year-to-date, overall production volumes are up 50.8 percent establishing the best first nine months performance since 2012, with 76,807 units manufactured in Britain since January. This is 21.5 percent higher than the pre-pandemic five-year average and 44.6 percent above performance in 2019,2 testament to British CV manufacturers who have worked hard in the face of multiple challenges, including semiconductor supply shortages and economic headwinds, to deliver across markets.
Mike Hawes, SMMT Chief Executive, said, “In a sector that continues to face significant challenges, Britain’s commercial vehicle manufacturers have reacted with determination to deliver the best September in more than a decade. Significant demand from overseas markets not only demonstrates the appeal of UK-built CVs, but shows the critical role this sector plays in powering the UK economy. Long-term growth, however, will depend on operator confidence and a competitive business framework for manufacturers, so the new government must take a long-term approach, addressing high energy prices and other cost impacts that hold back investment.”
Key indicators: