‘Steady February’ for CV production
A ‘modest’ 1.5% growth for British commercial vehicle manufacturing in February compared to the same month last year was reported by the Society of Motor Manufacturers and Traders (SMMT). CV manufacturing was up 10.5% in the first two months of 2016 compared with the same period in 2015.
SMMT Chief Executive, Mike Hawes, said, ‘February’s positive CV output, while more subdued than in January, continued to reflect buoyant demand for British-built vans, trucks, buses and coaches. Once again, the ongoing recovery in European markets was the driving factor, with output for export growing for the seventh consecutive month, and up by more than a third for the year to date.’