British commercial vehicle production up 4.0% to 125,649 units in 2024 – SMMT
London, January 30, 2025, (Oilandgaspress) –––UK commercial vehicle (CV) production grew by 4.0% in 2024, with 125,649 vans, trucks, taxis, buses and coaches leaving factory lines, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Despite a subdued fourth quarter, output reached its highest level in 16 years – helped by a ramp up in production of new models and solid growth in the EU supporting exports..
Over the full year, production for export increased by 6.6%, reaching 82,097 units. Almost two thirds (65.3%) of output was allocated to international markets, an increase of 1.6 percentage points on the previous year, demonstrating the importance of smooth trade, notably across the Channel. The EU accounted for 97.8% of all exports after volumes rose 10.8% to 80,291 units.
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