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Substantial growth in UK CV production in February, reports SMMT

Production also increased 6.5% in first two months of 2015, with 13,787 CVs manufactured, and demand from domestic market drove sector performance, buoyed by strong exports.

"The surge in output from UK commercial vehicle manufacturers in February has put the sector on a strong footing for the year ahead," commented Mike Hawes, SMMT chief executive.

"Demand from the UK's prospering domestic market is driving growth, buoyed by a strong appetite from overseas buyers, with exports in February up by more than 13% on the same month last year."

CV manufacturing

Feb-14

Feb-15

% Change

YTD-14

YTD-15

% Change

Total

6,239

8,344

 33.7%

12,946

13,787

 6.5%

Home

2,967

4,632

 56.1%

6,438

7,973

23.8% 

Export

3,272

3,712

 13.4%

6,508

5,814

-10.7%

% export

 52.4% 44.5%

 

 50.3% 42.2%

 

 

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