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Commercial vehicle manufacturing stable in 2016

British commercial vehicle manufacturing remained broadly steady in 2016, with a slight -0.6% decline, but booming export demand.

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The number of CVs produced for export grew 16.2% in 2016.

Latest figures from the Society of Motor Manufacturers and Traders (SMMT) show 93,924 vans, trucks, buses and coaches were built in Britain last year.

While production remained steady, the number of CVs produced for export grew 16.2%, accounting for 58.4% of production and the largest proportion in seven years.

Europe remained by far the sectors top trading partner, with 94.7% of commercial vehicle exports destined for customers on the continent, followed by Asia, which took 3.2%.

Mike Hawes, SMMT chief executive, said: With Europe accounting for more than nine out of every 10 commercial vehicles we export, it is clear that maintaining a beneficial trading relationship with the EU is critical. Safeguarding tariff- and impediment-free trade, for both vehicles and components, will be critical to the future strength of our important commercial vehicle manufacturing industry.

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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