UK business car (CV) manufacturing grew 92.2% within the second month of 2022, with 8,278 vans, vehicles, taxis, buses and coaches rolling out of British factories, in keeping with figures revealed at this time by the Society of Motor Producers and Merchants (SMMT)
UK business car (CV) manufacturing grew 92.2% within the second month of 2022, with 8,278 vans, vehicles, taxis, buses and coaches rolling out of British factories, in keeping with figures revealed at this time by the Society of Motor Producers and Merchants (SMMT). That is in contrast, nonetheless, with the worst February on file final yr, when provide chain shortages, new customs processes and extended lockdown measures posed important challenges to manufacturing.1 This February’s efficiency is, nonetheless, nonetheless -10.3% down on the 9,233 models inbuilt pre-pandemic 2019.
Final month’s development noticed a major rise in output for purchasers each within the UK and abroad, with 96.9% and 87.9% will increase respectively. Simply over half (51.4%) of all CVs constructed within the UK final month have been shipped overseas, with 93.8% destined for the EU. February builds on 22.2% development in January, with British CV manufacturing up 52.5% within the yr to this point, at 15,138 models, though that is -17.8% down on the identical interval in 2019.
Mike Hawes, SMMT Chief Govt, mentioned,
After a difficult couple of years for UK business car manufacturing output, it’s encouraging to see restoration as operators in key markets around the globe get again to enterprise. Demand for British-built working automobiles stays robust, and restoration shall be aided by new fashions and applied sciences. Nevertheless, exterior pressures, together with ongoing chip shortages, now exacerbated by a world squeeze on different key elements and uncooked supplies, alongside rising inflation and value of manufacturing, will make getting again to pre-pandemic ranges that a lot more durable. To safe long-term competitiveness and development for this crucial sector, we’d like authorities to take pressing motion to mitigate crippling vitality prices and encourage funding.