UK commercial vehicle (CV) manufacturing fell for that fifth consecutive month in January, depending on figures released today with the Society of Motor Manufacturers and Traders (SMMT).
16,088 vans, trucks, buses and coaches were built in Britain recently, representing per year on year loss of -18.8%, as economic and political uncertainty exacerbated the sector’s naturally fluctuating production cycles.
Output either way domestic and export markets saw double digit declines, falling by -19.7% and -18.5% respectively. However, overseas demand continued to get volumes, with almost seven from every 10 (67.9%) CVs in-built the united kingdom destined for global customers.
Mike Hawes, SMMT Chief Executive, said, “January’s decline in UK commercial vehicle production continues 2017’s downward trend, which is yet further proof of falling confidence while in the sector. To regenerate certainty to manufacturers and operators, encourage fleet investment and keep trade flowing freely with his key global customers C most of which are in the EU C we need urgent clarity around the future trading arrangements between Britain and Europe.”