Double-digit growth for CV manufacturing

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Commercial vehicle manufacturing grew 49.1 per cent in January driven by a number of large domestic orders a strong market incentives, according to the Society of Motor Manufacturers and Traders.

A total of 9,182 vans, trucks, buses and coaches were produced – the best January performance for seven years. Domestic demand was up 97.4 per cent, while exports increased 25.3 per cent.
SMMT chief Mike Hawes said: “While domestic demand almost doubled in January, exports continued to account for more than half of output, the majority destined for the continent. This underlines the importance of securing a deal with the EU, our biggest customer, that maintains free and frictionless trade.”

CV production rises by a quarter

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