British commercial vehicle manufacturing grew by more than a quarter in the first six months of the year, says the Society of Motor Manufacturers and Traders. Almost 50,000 CVs were built between January and June – a 29.9% growth compared to the same period in 2014. Growth has been fuelled by demand both in the UK and Europe, with production for the domestic market rising 31.6% and exports … [Read more...]
CV manufacturing returned to growth in December
UK commercial vehicle (CV) manufacturing rose 12.6% in December, the first month of growth since July 2013. Output fell 19.7% in 2014, but a month of growth heralds brighter future Growing demand at home helped to drive December growth, despite deflated export markets. "The growth of commercial vehicle manufacturing output in December represents a turning point in the sector’s fortunes," … [Read more...]
CV business levels off
UK commercial vehicle manufacturing declined 8.9% in October, the smallest monthly fall since June 2013. Production for the UK market increased 14.6% in the month, but exports fell 30.6% and 2014-to-date volumes are still affected by last year’s restructuring, falling 23.5% to 57,981 units. “The heavy fall seen in UK commercial vehicle manufacturing over the past year is now levelling off as … [Read more...]