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Commercial vehicle manufacturing increased by 15% in September
Commercial vehicle manufacturing increased by 15% in September

Commercial vehicle manufacturing increased by 15% in September

Commercial vehicle manufacturing rose by almost 15% in September, according to new figures from the Society of Motor Manufacturing and Traders (SMMT).

The new figures reveal a large boost in the commercial vehicle manufacturing for the UK market, with a rise of almost two thirds when compared with September 2017.

This more than makes up for the fall in the export market of 13.5%, which saw the number of commercial vehicles manufactured drop from 4,498 in September 2017 to 3,892 for the same month in 2018.

It means the number of exports as a percentage of the whole market dropped from 62.4% to 47%.

Commercial vehicle manufacturing in the UK market rose from 2,710 to 4,389 – a rise of 62%, which is something that will be most welcome given that, for production, the main driver for commercial vehicle registrations is usually the export market.

Overall, the number of manufactured commercial vehicles went up from 72,08 to 8,281 – a rise of 14.9%.

The main driver for the increase were large fleet orders from British businesses.

However, despite this positive month, the Chief Executive for the SMMT, Mike Hawes, downplayed the significance, and once again pointed to the need to keep frictionless trade with the EU.

He said: “While it’s positive to see an increase in production in September, specifically for the home market, commercial vehicle manufacturing works to low volumes so a single large fleet order can heavily influence output figures.

“Overall, production continues to be driven by exports, with more than six in 10 commercial vehicles manufactured in the UK destined for overseas customers, the majority in the EU.

“If we are to see future long term growth, trade with our biggest customer must remain free and free flowing.”

For the year to date, production remained stable, with only a slight decrease in commercial vehicle manufactured.

The home market decreased by 4% while the number of exports rose when compared with the year before.

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