UK commercial vehicle manufacturing fell for the fifth consecutive month in January as production saw double-digit declines for both home and overseas markets.
The figures from the Society of Motor Manufacturers and Traders (SMMT) show a total of 6,088 vans, trucks, buses and coaches were built in the UK last month – down 18.8% as a result of both economic and political uncertainty and fluctuations in production cycles.
Overseas markets drive demand, with almost 7 in 10 (67.9%) CVs built for export, but was down 18.5%. Output for the domestic market fell by 19.7% and -18.5% respectively. However, overseas demand continued to drive volumes, with almost seven out of every 10
Mike Hawes, SMMT chief executive, said the decline was further evidence of falling confidence in the sector.
“To restore certainty to manufacturers and operators, encourage fleet investment and keep trade flowing freely with our key global customers – most of which are in the EU – we need urgent clarity on the future trading arrangements between Britain and Europe,” he added.
