Commercial vehicle manufacturing grew 49.1 per cent in January driven by a number of large domestic orders a strong market incentives, according to the Society of Motor Manufacturers and Traders.
A total of 9,182 vans, trucks, buses and coaches were produced – the best January performance for seven years. Domestic demand was up 97.4 per cent, while exports increased 25.3 per cent.
SMMT chief Mike Hawes said: “While domestic demand almost doubled in January, exports continued to account for more than half of output, the majority destined for the continent. This underlines the importance of securing a deal with the EU, our biggest customer, that maintains free and frictionless trade.”
