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UK industrial car (CV) manufacturing grew once more in November, based on the most recent figures revealed right now by the Society of Motor Producers and Merchants (SMMT)
UK industrial car (CV) manufacturing grew once more in November, based on the most recent figures revealed right now by the Society of Motor Producers and Merchants (SMMT). Factories produced 13,253 vans, buses, vehicles, coaches and taxis, up 16.8% on the 12 months earlier than, in one of the best November efficiency since 2007 and representing the ninth month of progress in 2023.1
The November complete is 51.1% up on 2019’s pre-pandemic stage with output responding to demand from export markets, up 18.3% to 9,451 items with 71.3% of output shipped overseas.2 The EU once more retained its standing as a very powerful abroad marketplace for UK CV exports, taking 96.3% of all automobiles leaving Britain. Orders for UK consumers, in the meantime, additionally rose, by 13.4% to three,802 items.
Because of this, British CV manufacturing year-to-date is up 15.5% to 111,863 items, one of the best for the January-November interval since 2010, partially as a consequence of new manufacturing amenities approaching stream and the power of producers to place provide chain challenges behind them.3 Robust demand from abroad markets means exports are up 21.0% to 71,679 items whereas manufacturing for home consumers has risen by a extra modest 6.8% to 40,184 items pushing total manufacturing greater than 10,000 items up on full 12 months 2022 with December’s figures nonetheless to come back.4
Mike Hawes, SMMT Chief Government, mentioned,
UK CV manufacturing is on observe to document its greatest 12 months in additional than a decade, testomony to the competitiveness of automotive manufacturing on this nation. Recent funding to make the most recent, zero emission vans right here has helped enhance volumes of automobiles which are more and more in demand from fleet operators throughout Europe. The business can look ahead with renewed optimism, particularly with a deal to increase the present EU-UK commerce guidelines for EVs and batteries now agreed.
1: 22,028 CVs made within the UK November 2007
2: 8,768 CVs made within the UK November 2019
3: 114,337 CVs made within the UK Jan-Nov 2010
4: Full 12 months 2022 – 101,600 CVs made within the UK
SOURCE: SMMT
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