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SMMT: Robust begin to the 12 months continues for UK CV manufacturing

SMMT: Robust begin to the 12 months continues for UK CV manufacturing

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UK business automobile (CV) manufacturing rose by 27.6% in April, the fourth consecutive month of progress for the sector, in accordance with the most recent figures revealed at the moment by the Society of Motor Producers and Merchants (SMMT)

UK business automobile (CV) manufacturing rose by 27.6% in April, the fourth consecutive month of progress for the sector, in accordance with the most recent figures revealed at the moment by the Society of Motor Producers and Merchants (SMMT). 7,879 working automobiles, from vans and taxis to vans, buses and coaches, left manufacturing traces, with the pre-planned ramp up of sure key fashions following COVID-related reductions, delivering the best-performing April since 2016.1

Development was pushed by a 58.0% improve within the variety of automobiles constructed for export, with 4,723 items heading abroad. Manufacturing for the UK remained comparatively secure, down by simply 32 items (-1.0%) 12 months on 12 months. In the meantime, the proportion of exports elevated from 48.4% in April 2021, to 59.9%. Over the 12 months to this point, greater than half (57.1%) of CVs produced have been exported, with greater than 9 in 10 of them (92.4%) destined for the EU.

Mike Hawes, SMMT Chief Govt, stated,

Due to important demand from abroad markets, our CV output has not solely elevated on final 12 months, however has surpassed even pre-pandemic ranges. That is testomony to the resilience of producers and proof of the position the sector can play within the UK’s long-term financial restoration. There stay, nonetheless, important challenges behind these headline figures, with the continuing international scarcity of semiconductors and the struggle in Ukraine impacting the worldwide business. Most urgent, nonetheless, are the hovering power prices and rampant inflation, and Authorities should act urgently if we’re to safe the longer term competitiveness of this important sector and the roles and livelihoods it helps.

1: April 2016: 8,548

SOURCE: SMMT

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