New figures released by the Society of Motor Manufacturers and Traders (SMMT) have highlighted significant growth in the level of exports for UK commercial vehicle manufacturers in the last year.
According to the body's latest statistics, commercial vehicle output rose by 9.7 per cent in November in comparison to the same month last year, with this growth in production having been fuelled by a 40 per rise in exports during 2016.
It means the total level of manufacturing production across the UK has now exceeded that seen in 2015 as a whole – a full month before the end of the year.
Responding to the data, SMMT chief executive Mike Hawes commented: "Another boost to commercial vehicle production is certainly welcome news for the sector, which was once again bolstered by a surge in exports demand, especially from the continent."
However, he went on to note that sustained growth in the market will be reliant on the UK maintaining its current beneficial trading conditions in the months and years ahead.
Natalie Brinkley, brand manager at Fuel Card Services, adds: "The UK automotive sector continues to go from strength to strength, so to see a sustained uplift in exports over the last 12 months is truly excellent news."
Posted on 22nd December 2016
< Back to Latest News