British industrial car (CV) manufacturing grew 8.6% in August as 6,660 items rolled out of UK factories, in accordance with new figures revealed immediately by the Society of Motor Producers and Merchants (SMMT). The very best August quantity for 11 years continues the optimistic pattern, with a fifth consecutive month of rising CV output as producers try to ship the most recent, greenest fashions to operators.

Elevated output was pushed primarily by UK demand, up 24.4% to achieve 3,066 items, whereas exports declined by a marginal -2.0% to three,594. Regardless of this, British CV manufacturing continues to be export led, with 54.0% of all output heading abroad final month. Nearly all of these exports (91.8%) had been shipped into the EU – highlighting the significance of steady, tariff-free commerce with the bloc to make sure the sector continues to ship long-term financial progress and well-paid jobs, and to draw additional funding to the UK.

Within the yr so far, UK CV manufacturing has reached 74,188 items, an increase of 14.4% on 2022 – rounding off one of the best first eight months to a yr since 2011 and a few 62.2% above pre-pandemic ranges¹. Exports have pushed this spectacular progress, up 23.0%, with 46,789 items exported representing 63.1% of every thing made.

Mike Hawes, SMMT Chief Govt, stated,

2023 has been successful story for British industrial car manufacturing, with sturdy demand from operators within the UK and abroad. With new electrical van manufacturing now approaching stream, the instant future is optimistic and we anticipate volumes to develop nonetheless additional this yr.

To safe future funding, nonetheless, we want regulatory and commerce certainty, not least a UK-EU settlement to delay more durable guidelines of origin that might harm competitiveness throughout the Channel. With the more durable guidelines as a result of begin in lower than 100 days, time is of the essence.

1 January-August 2011: 76,980 items; January-August 2019: 45,740 items.

SOURCE: SMMT