UK commercial vehicle (CV) manufacturing fell to the fifth consecutive month in January, reported by figures released today by way of the Society of Motor Manufacturers and Traders (SMMT).
16,088 vans, trucks, buses and coaches were internal Britain last month, representing 12 months on year decrease in -18.8%, as economic and political uncertainty exacerbated the sector’s naturally fluctuating production cycles.
Output for domestic and export markets saw double digit declines, falling by -19.7% and -18.5% respectively. However, overseas demand continued drive an automobile volumes, with almost seven of the many 10 (67.9%) CVs inbuilt the united kingdom destined for global customers.
Mike Hawes, SMMT Leader, said, “January’s decline in UK commercial vehicle production continues 2017’s downward trend, and it is yet further proof of falling confidence during the sector. To recover certainty to manufacturers and operators, encourage fleet investment whilst trade flowing freely with his key global customers C some of which come in the EU C we want urgent clarity around the future trading arrangements between Britain and Europe.”