UK commercial vehicle production up 26.5% in May

British isles industrial car or truck (CV) manufacturing grew 26.5% in the fifth month of 2022.

7,900 new vans, buses, vans, coaches and taxis have remaining British factory lines this yr, in accordance to the Modern society of Motor Manufacturers and Traders (SMMT) present. This intended CV suppliers recorded their greatest May possibly functionality since 2012, continuing a strong begin to 2022 with 5 consecutive months of development.

Though output for shoppers in the United kingdom declined by -26.3%, output for overseas marketplaces grew by 91.6%, partly thanks to bigger desire following the stop of quite a few lockdown measures abroad. Virtually 7 in 10 (67.9%) British-crafted CVs ended up exported in the thirty day period, with some 91.8% of these destined for the EU.

Year-to-date, CV output is up 44.% on very last yr, at 41,047 units, and some 29.1% up on the same interval in 2019, producing the ideal January to May well performance considering the fact that 2012.

Mike Hawes, SMMT Main Executive: “The CV sector is a rare beacon amid the gloom of economic problems remaining faced by businesses and fleet operators in the United kingdom. With the finest 12 months to Could output for a ten years, and a growing quantity of zero emission commercial vehicle models for a broader vary of use conditions, there are grounds for optimism. On the other hand, competitiveness is not certain as climbing energy expenses and inflation keep on to have a harmful impression on manufacturers and marketplaces. These challenges have to be tackled head-on, to help financial investment in innovation and training that will travel the CV sector’s transition to net zero, futureproofing work opportunities and livelihoods for years to appear.”