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UK commercial vehicle production down in November

UK commercial vehicle production down in November

British isles business automobile (CV) manufacturing diminished to seven,940 models in November, in accordance to the Modern society of Motor Manufacturers and Traders (SMMT). The decline of seven.8%, the weakest November functionality considering the fact that 2017, demonstrates the issues faced by the broader field, with the world wide lack of semiconductors – by itself a by-product or service of the pandemic – continuing to stymie manufacturing.

November’s decline was driven by a 16.4% drop in the range of CVs constructed for export, even though the domestic market place grew 4.5%.

During 2021, the share of exported CVs has diminished by nearly 5%, from fifty six.4% to 51.5%.

At the same time, domestic desire has grown – albeit versus weak desire in 2020 – presented gradual economic restoration and higher desire for on the net deliveries.

Calendar year to date, 66,753 models have been constructed, an enhance of twelve.two% on the pandemic ravaged 2020, many thanks to an enhance in output previously in the 12 months. Even so, output continues to be 16.6% down versus the 5 12 months pre pandemic normal.

Mike Hawes, SMMT main govt, claimed: “After the sizeable development seen in the sector in Oct, November’s decline in light-weight business automobile output is disappointing. The effect of the world wide lack of semiconductors can’t be overstated, and coupled with rising uncertainty about the pandemic, the months in advance will be hard.”