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January brings double-digit decline for UK CV manufacturing

UK commercial vehicle manufacturing fell for the fifth consecutive month in January as production saw double-digit declines for both home and overseas markets.

CV manufacturing
January saw a double-digit decline for UK CV manufacturing

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.

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for nearly 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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