Print

Posted in:

UK CV production posts further gains in November, finds SMMT

Production for export saw a 79.1% jump following growing demand in Europe, while output destined for the UK market remained strong in 2015 despite a dip in November. 88,214 CVs have been manufactured so far this year – up 35.6% over 2014 volumes.

Commenting on the results, Mike Hawes, SMMT chief executive, said: “The recovery in UK CV manufacturing this year has been good to see, with consistently strong growth in almost every month. November’s performance was driven principally by production for export, underlining the importance of the EU as the sector’s key overseas market.”

CV manufacturing

Nov-14

Nov-15

% Change

YTD-14

YTD-15

% Change

Total

7,073

8,813

 24.6%

65,054

88,214

 35.6%

Home

4,208

3,682

-12.5%

33,054

44,292

34.0% 

Export

2,865

5,131

 79.1%

32,000

43,922

 37.3%

% export

 40.5%  58.2%

 

 49.2%  49.8%

 

For more of the latest industry news, click here.