The data from the Society of Motor Manufacturers and Traders (SMMT) shows a marginal decline in output of -0.9% in April, with overall growth of 0.4% in the first four months of the year.
Domestic demand grew 13.6%, offsetting -11.2% decline in output for export. However, in the year to date, output for overseas buyers remains ahead – up 9.6% on the same period in 2015, with more than half (52.7%) of UK-built CVs destined for international markets.
Mike Hawes, SMMT chief executive, said, “Although April saw a slight decrease in CV production, the sector continues to perform well with positive year-to-date figures. Following the substantial rise in volumes last year, we can expect production growth to ease slightly over coming months. However, with continued demand for British-built vans and trucks at home and around the world, the sector’s outlook is positive.”
