Production for the domestic market was found to be particularly strong, up 137.6% over July 2014, while exports steady. The SMMT found that the CV industry has seen strong recovery in 2015 so far, with a 32.4% uplift in output.
July’s figures are a continuation of the recovery made by the sector throughout 2015, which has seen production levels grow by a third to 57,967 units. Volumes last year were impacted by some restructuring within the industry, as well as a spike in truck demand in 2013 related to type approval changes. This year’s growth comes off the back of increasing demand both domestically and abroad for UK-built CVs.
“The commercial vehicle manufacturing sector's impressive performance in July is further welcome evidence of its ongoing return to form,” commented Mike Hawes, SMMT chief executive. “After a difficult year of regulatory upheaval, we're now seeing demand for British-built vans, trucks and buses bounce back as fleet renewal patterns return to normal and the online delivery market continues to grow.”
|
CV manufacturing |
Jul-14 |
Jul-15 |
% Change |
YTD-14 |
YTD-15 |
% Change |
|
Total |
6,338 |
9,274 |
46.3% |
43,798 |
57,967 |
32.4% |
|
Home |
2,125 |
5,048 |
137.6% |
20,723 |
29,535 |
42.5% |
|
Export |
4,213 |
4,226 |
0.3% |
23,075 |
28,432 |
23.2% |
|
% export |
66.5% | 45.6% |
|
51.2% | 49.0% |
|