SMMT Reports Increase in UK CV Manufacturing in Q1 Despite March Fall

UK commercial vehicle (CV) manufacturing output decreased by -3.0% in March, with 9,822 vans, trucks, taxis, buses and coaches produced, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The decline of just 308 units must be set against March 2022, which was the best March since 2011, and draws an uneven first quarter of the year to a close, with a large rise in January followed by declines in February and March as temporary supply shortages continued to affect output.

Q1 Progress Well for CV Manufacturing

Vehicles produced for overseas marke...