The UK produced 5,443 commercial vehicles in January, down almost 19% year on year.
Production for the home market was down almost 4% but export output was off 35%.
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Increased production of new models is expected to yield growth later in the year, the SMMT said.
“The commercial vehicle sector saw manufacturing output decrease year on year in January although there is still confidence in the sector,” said Mike Hawes, SMMT Chief Executive.
“The home market for commercial vehicles has been strong in recent months and we expect a continued resurgence to help drive growth. Production is expected to ramp up on recently introduced models which will increase output.”
Data from SMMT:
| CV manufacturing | Jan-14 | Jan-15 | % Change | YTD-14 | YTD-15 | % Change |
| Total | 6,707 | 5,443 | -18.8% | 6,707 | 5,443 | -18.8% |
| Home | 3,471 | 3,341 | -3.7% | 3,471 | 3,341 | -3.7% |
| Export | 3,236 | 2,102 | -35.0% | 3,236 | 2,102 | -35.0% |
| % export | 48.2% | 38.6% | 48.2% | 38.6% |
