Posted in:

UK CV manufacturing falls in February

British commercial vehicle production fell -24.2% in February to 6,019 units.

Vauxhall van production line in Luton
Production was down nearly a quarter in February.

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.”

For more of the latest industry news, click here.

Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 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. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

4149 posts