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UK commercial vehicle production increased 35.6% in January to reach 9,299 units.
January’s strong output marked the best start to the year since 2012, when 9,844 units were produced.
Growth in the month was mainly driven by exports, with 5,326 units produced for the international market.
Over half of UK-made CV (57.3%) sail overseas, with the EU, which remains the UK’s largest overseas customer, accounting for 91.8% of these exports. 1 The domestic market is also growing, with output rising 36.2% to 3,973 units.
Volumes are expected to increase significantly throughout the year, especially as new models enter production, and a new electric van manufacturing plant comes online – a boost that will see UK CV output surpass 160,000 units by 2023.
Mike Hawes, Chief Executive of SMMT, said, “The UK commercial vehicle sector continues to demonstrate resilience, exceeding the previous ten years of January output even in the face of global supply shortages and soaring energy costs.
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