UK industrial automobile (CV) manufacturing grew 36.9% in Might as 10,813 new vans, buses, vehicles, coaches and taxis left British factories, in response to new figures printed immediately by the Society of Motor Producers and Merchants (SMMT).
The sector’s efficiency was the strongest in Might since 2008, surpassing its 10-year excessive for the month final 12 months, and marking the second consecutive month of rising output.1
Development was pushed by manufacturing for export final month, with a big 48.1% rise within the variety of CVs shipped abroad, at 7,943 models. Greater than seven in 10 (73.5%) British-built CVs left UK shores – 93.6% of which had been exported to markets within the EU. Extra autos had been additionally constructed for UK operators, in the meantime, with volumes up 13.1% to 2,870 models.
Producers have made 46,927 models to this point in 2023, up 14.3% on the identical interval final 12 months, and a big 47.6% above that in 2019.2 Positively, Britain’s CV manufacturing volumes are as a result of improve additional this 12 months, reflecting much less turbulent international provide chains and the launch of a brand new electrical van manufacturing plant.
Mike Hawes, SMMT Chief Govt, stated, “With ongoing progress in demand for British industrial autos, notably from abroad markets, the sector is bucking difficult financial developments. That is excellent news and places the UK’s CV producers in a robust place to ship inexperienced progress for the economic system and society. We are able to’t be complacent, nonetheless, and should make sure the UK stays a globally aggressive location for superior manufacturing – with measures nonetheless wanted to deal with our excessive value of power and to ensure that the UK has easy and sustainable buying and selling relationships world wide, particularly with the EU.”