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CV production up

UK Commercial Vehicle Production Up, Bucking Overall Trend

The UK’s new commercial vehicle sector has experienced its best May (and year to-date) performance for a decade, bucking an overall trend of declining new vehicle production.

According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), production was up 26.5% in May. 7,900 vehicles emerged from factories across Britain that month, the highest number since 2012.

Exports in particular performed strongly, the figures showing a 91.6% increase on last year’s data. The majority of commercial vehicles built here now end up overseas - 67.9% to be precise. 91.8% of those were exported to the EU.

May represented the fifth consecutive month of year-on-year increases, indicating a buoyant recovery for the sector following the devastating impact of the Covid-19 pandemic.

Overall, production has increased 44.0% in the year to-date.

SMMT Chief Executive Mike Hawes said: “The CV sector is a rare beacon amid the gloom of economic challenges being faced by businesses and fleet operators in the UK.

“With the best year to May output for a decade, and a growing number of zero emission commercial vehicle models for a wider range of use cases, there are grounds for optimism.

“However, competitiveness is not guaranteed as rising energy costs and inflation continue to have a detrimental impact on manufacturers and markets.

“These issues must be tackled head-on, to enable investment in innovation and training that will drive the CV sector’s transition to net zero, future-proofing jobs and livelihoods for years to come.”

MOT bay management services
This news means that now could be the perfect time to begin working more on commercial vehicles. Perhaps you already offer Class 4 MOT testing, catering for cars and light commercials?

Then why not add Class 7 tests to your repertoire? We can help you do just that at ISN Garage Assist, supplying and installing all of the equipment you’ll need and helping you complete the necessary paperwork. Find out more about our MOT bay management services.
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