UK commercial vehicle (CV) production grew again in November, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).
Factories produced 13,253 vans, buses, trucks, coaches and taxis, up 16.8% on the year before, in the best November performance since 2007 and representing the ninth month of growth in 2023.
The November total is 51.1% up on 2019’s pre-pandemic level with output responding to demand from export markets, up 18.3% to 9,451 units with 71.3% of output shipped abroad.
The EU again retained its status as the most important overseas market for UK CV exports, taking 96.3% of all vehicles leaving Britain.
CT Automotive plc (LON:CTA) designs, develops and manufactures automotive interior finishes and complex kinematic assemblies for the most well-known automotive brands on the planet. These critical components are managed through an intricate global network of reactive supply chains to arrive JIT (Just in Time) at their respective OEM manufacturing plants.