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SMMT: CV production in March, one year after the pandemic shutter factory, increased by 16.9%

UK commercial vehicle (CV) production increased 16.9% in March as 6,166 vehicles left the factory gates, according to the latest figures released today by the Association of Automakers (SMMT).

UK commercial vehicle (CV) production increased 16.9% in March as 6,166 vehicles left the factory gates, according to the latest figures released today by the Association of Automakers (SMMT). The CV manufacturing industry has grown for the first month since September 2020, celebrating its first anniversary since the coronavirus pandemic first caused a factory closure in mid-March last year. However, production for the month remained significantly lower at pre-pandemic levels, down -32.2% from the March average for the last five years.

Production increased in both the domestic and international markets, and the recovery of CVs for overseas markets was slow, rising from 34.7% to 3.2% in the UK market. New lockdown restrictions in other major markets and the additional administrative burden of the new UK-EU trade agreement with the EU have hit exports hard, 2020. All manufactured that month for the first time since June 2nd. It is less than half of the commercial vehicles in the country. First-quarter production was down -24.7% to 16,090 units, down about 5,264 units from this time last year.

Mike Hawes, CEO of SMMT, said:

A year after the coronavirus pandemic first triggered a national blockade, we are beginning to show signs of recovery, and the growth in commercial vehicle production for the first time in six months is welcome. March 2021 was expected to rise all the time, as production was severely hit by a closed factory last year. Manufacturers are working hard to make up for lost production last year, but many LCV major export markets have new blockade restrictions that will take time to return to pre-pandemic levels. I will.

Fleet updates remain important to bring the CV sector back to growth, especially as manufacturers invest heavily in new zero-emission technologies that support the needs of operators and drivers. The pace of this transformation can also ensure that the UK remains an attractive and globally competitive destination for commercial vehicle manufacturing.

Please click here See the full press release.

Source: SMMT

https://www.automotiveworld.com/news-releases/smmt-cv-manufacturing-up-16-9-in-march-one-year-on-from-pandemic-shuttering-factories/ SMMT: CV production in March, one year after the pandemic shutter factory, increased by 16.9%

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