SMMT: Best start-of-year UK CV output since 2012

UK commercial vehicle (CV) production increased by 35.6% in the first month of 2023, with 9,299 vans, trucks, taxis, buses and coaches leaving factories. January’s strong production is off to its best start since 2012, when 9,844 vehicles were produced, and reflects the manufacturers’ determination to stay on track following the pandemic and potential supply chain challenges.

Growth this month was primarily driven by exports, with 5,326 units produced for the international market. More than half (57.3%) of all CVs made in the UK sail abroad and the EU remains the UK’s largest overseas customer, responsible for his 91.8% of these exports.¹ The domestic market also recorded growth, with production increasing by 36.2% to 3,973 units.

Significant increases in sales volumes are expected throughout the year, especially as new models start production and a major new electric van manufacturing plant comes online. This is expected to see his CV production in the UK surpass 160,000 in 2023.²

SMMT CEO Mike Hawes said:

The UK commercial vehicle sector continues to show resilience, outperforming January production in the last decade despite global supply shortages and rising energy costs. To ensure the continuation of this success, a framework that ensures a global playing field and supports sustainable manufacturing, rapid decarbonisation and economic growth will give the UK an edge in the race to net zero. is required.

1. January exports to Europe: 4,891 units
2. Based on SMMT development of AutoAnalysis light vehicle outlook

sauce: SMMT