CV Production Up By A Quarter

Commercial vehicle manufacturing rose by 24.4% in the first month of 2016, with 6,770 new vans, trucks, buses and coaches made in Britain this January.

Foreign demand continued to fuel production, with commercial vehicle output for overseas markets showing substantial growth compared with January 2015.

Mike Hawes, SMMT Chief Executive, said, “CV production got off to a great start in January, with output up by a quarter on last year. Recovery in Europe continues to benefit the sector, driving production for export up an impressive 65% last month, with more than half of all commercial vehicles in January produced for international markets.”