British commercial vehicle production fell -24.2% in February to 6,019 units.
The figures from the Society of Motor Manufacturers and Traders (SMMT) show a total of 6,019 vehicles left production lines last month. Both home and overseas demand declined, with output falling -34.7% and -18.5% respectively. However, exports still account for almost 70% of overall production.
For the year to date, CV manufacturing is down -21.6% compared with first two months of 2017.
Mike Hawes, SMMT chief executive, said: “That February marks the sixth consecutive month of decline for commercial vehicle manufacturing is concerning but unsurprising given the economic and political uncertainty that has knocked business confidence. Operators need stability to commit to big fleet investments and it is, therefore, critical that government safeguards the economic conditions needed for this vital sector to thrive.”
