January 29, 2023

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UK commercial vehicle production down in November

UK commercial vehicle production down in November

British isles commercial automobile (CV) manufacturing lowered to seven,940 units in November, according to the Culture of Motor Manufacturers and Traders (SMMT). The drop of seven.eight%, the weakest November functionality given that 2017, reflects the troubles faced by the wider marketplace, with the international scarcity of semiconductors – by itself a by-solution of the pandemic – continuing to stymie manufacturing.

November’s drop was driven by a 16.four% fall in the range of CVs crafted for export, whilst the domestic current market grew four.five%.

All through 2021, the share of exported CVs has lowered by almost five%, from fifty six.four% to 51.five%.

At the same time, domestic demand from customers has grown – albeit versus weak demand from customers in 2020 – presented gradual financial recovery and superior demand from customers for on the web deliveries.

12 months to day, 66,753 units have been crafted, an raise of 12.two% on the pandemic ravaged 2020, thanks to an raise in output previously in the calendar year. Having said that, output remains 16.6% down versus the 5 calendar year pre pandemic regular.

Mike Hawes, SMMT main government, mentioned: “After the sizeable advancement observed in the sector in Oct, November’s drop in mild commercial automobile output is disappointing. The affect of the international scarcity of semiconductors are unable to be overstated, and coupled with increasing uncertainty more than the pandemic, the months forward will be difficult.”