UK industrial car (CV) manufacturing grew 35.6% within the first month of 2023, with 9,299 vans, vans, taxis, buses and coaches leaving manufacturing facility strains, based on figures revealed in the present day by the Society of Motor Producers and Merchants (SMMT)
UK industrial car (CV) manufacturing grew 35.6% within the first month of 2023, with 9,299 vans, vans, taxis, buses and coaches leaving manufacturing facility strains, based on figures revealed in the present day by the Society of Motor Producers and Merchants (SMMT). January’s sturdy output marks the perfect begin to a yr since 2012, when 9,844 items had been produced, and displays the willpower of producers to get again on observe following the pandemic and latent provide chain challenges.
Progress within the month was pushed primarily by exports, with 5,326 items produced for worldwide markets. Greater than half of all British-built CVs (57.3%) set sail for overseas, with the EU, which stays the UK’s greatest abroad buyer, chargeable for 91.8% of those exports.1 The home market additionally recorded progress, with output up 36.2% to three,973 items.
Volumes are anticipated to extend considerably all year long, notably as new fashions start manufacturing and a serious new electrical van manufacturing plant comes on stream – a lift which is ready to see UK CV output surpass 160,000 items in 2023.2
Mike Hawes, SMMT Chief Government, stated,
The UK’s industrial car sector continues to indicate resilience, surpassing the earlier ten years of January output even within the face of worldwide provide shortages and hovering power prices. To make sure this success continues, we’d like a framework which secures globally aggressive situations and underpins the supply of sustainable manufacturing, fast decarbonisation and financial progress to maintain Britain forward within the race to internet zero.
1. January export figures for Europe: 4,891 items
2. Primarily based on SMMT improvement of AutoAnalysis mild car outlook
SOURCE: SMMT
