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CV manufacturing up 70.3% in August

The latest figures from the Society of Motor Manufacturers and Traders (SMMT) also show that output for the month rose by 70.3% to 3,628 units, while year-to-date volumes were up 34.1% to 61,595.

Mike Hawes, SMMT chief executive said, “In stark comparison to last summer, when some plants took additional seasonal shutdown for retooling, this August saw CV manufacturers post impressive growth. It is particularly encouraging to see the industry continue to bounce back following a 2014 performance subdued by regulatory changes and industry restructuring. Fleet operator renewal patterns are now returning to normal, prompting strong gains in demand in both domestic and export markets.”

CV manufacturing

Aug-14

Aug-15

% Change

YTD-14

YTD-15

% Change

Total

2,130

3,628

 70.3%

45,928

61,595

 34.1%

Home

1,229

1,961

 59.6%

22,853

31,496

 37.8%

Export

901

1,667

85.0%

23,075

30,099

30.4%

% export

 42.3%  45.9%

 

 51.2%  48.9%

 

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for over 20 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.

Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

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