The UK’s production of commercial vehicles saw its greatest March in over 10 years, with British factories churning out over 10,000 coaches, buses, trucks, vans and taxis, taking the quarterly total to 25,000.
The new figures come from the Society of Motor Manufacturers and Traders (SMMT), and they highlight how the commercial vehicle and car sectors are faring very differently. While commercial vehicle production saw a year-on-year increase of 64.3%, the UK car industry’s production dropped by about a third over the same period. The global shortage of semiconductors has been the main constraint on the industry, with high energy costs and other supply chain problems presenting challenges for the industry. Nevertheless, there has been a notable increase in commercial vehicles produced for the UK market.
The Chief Executive of the SMMT, Mike Hawes, said the output of commercial vehicles remained resolute despite the challenges. He added that both overseas and domestic demand for newer, greener:
“Working vehicles continues and will be aided by new model and technology releases throughout the year. Competitiveness, however, is far from assured and action must be taken now to reduce the potential impact of rising energy and inflation costs, to encourage investment and the long term future of the sector.”
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