Fleet World Workshop Tools
Car Tax Calculator
CO2 Calculator
Car Comparator
Van Tax Calculator
EV Car Comparator
BiK Rates Company Car Tax

UK CV manufacturing rises on back of overseas demand

UK commercial vehicle (CV) manufacturing increased by almost a fifth (19.0%) in April 2018, with more than 7,000 units produced. 

Overseas demand helped drive UK CV manufacturing in April

Overseas demand helped drive UK CV manufacturing in April

The figures from the Society of Motor Manufacturers and Traders (SMMT) show that a rise in overseas demand boosted production, with exports up 28.5% to take a 70.9% production share.

Meanwhile, demand from domestic fleets remained static, up 0.9%, with 2,124 vans, trucks and buses produced for UK customers.

The year-to-date picture for production figures was less positive, falling 10.2% on 2017, with manufacturing for both domestic and overseas markets declining 21.1% and 4.3% respectively.  In line with the monthly figures, exports continue to account for the lion’s share of production, at 68.8%.

Mike Hawes, SMMT chief executive, said: “Today’s figures highlight just how dependent the industry is on production for export, particularly to the EU – our largest customer. If we are to see future long-term growth, government must negotiate the right Brexit deal to ensure our mutual trade remains free and free flowing.”

For more of the latest industry news, click here.

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.