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SMMT: Industrial automobile manufacturing accelerates as March output surpasses pre-pandemic ranges

SMMT: Industrial automobile manufacturing accelerates as March output surpasses pre-pandemic ranges

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UK industrial automobile (CV) manufacturing grew 57.0% within the first quarter of 2022 in response to figures revealed as we speak by the Society of Motor Producers and Merchants (SMMT)

UK industrial automobile (CV) manufacturing grew 57.0% within the first quarter of 2022 in response to figures revealed as we speak by the Society of Motor Producers and Merchants (SMMT). Some 25,268 vans, vans, taxis, buses and coaches rolled out of British factories in Q1, together with 10,130 items in March alone, a year-on-year improve of 64.3% within the month. Final month additionally noticed CV manufacturing lastly exceed pre-pandemic ranges, up 11.3% on 2019’s efficiency, equating to 1,032 extra automobiles constructed as producers ramped up manufacturing.1

Progress over the primary three months of the yr was pushed largely by a 70.5% uplift in exported CVs, with some 5,873 extra items heading abroad, whereas home manufacturing additionally elevated by a notable 42.6%. Greater than half (56.2%) of all CVs produced this yr have been shipped overseas, with 94.4% of these headed to the EU. Throughout March, exports nearly doubled, rising 95.1%, whereas the proportion of CVs constructed for UK operators additionally elevated by 33.6%.

Mike Hawes, SMMT Chief Govt, mentioned,

Regardless of the challenges the UK automotive business continues to face, most notably the worldwide scarcity of semiconductors, industrial automobile manufacturing output remains to be resolute. Vital demand from each dwelling and abroad for the most recent and greenest working automobiles continues and shall be aided by new mannequin and expertise releases all year long. Competitiveness, nevertheless, is way from assured and motion should be taken now to scale back the potential influence of rising vitality and inflation prices, to encourage funding and the long run way forward for the sector.

1: 2019: 9,098

SOURCE: SMMT

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