2021 proved a strong year of recovery for commercial vehicle production, with an overall rise of 11.3%, or 73,600 units. Although this is 14.4% down on the pre-pandemic five-year average, the rise is a good step for the industry, as production for the UK saw a 27.3% rise and output for the overseas market saw a 0.6% dip, in the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
Market Moves in a Healthier Direction After Poor 2020
The 11.3% increase in 2021 was a good sign for the industry, as 2020 levels were the worst since records began in 1933. In total, th...
Market Moves in a Healthier Direction After Poor 2020
The 11.3% increase in 2021 was a good sign for the industry, as 2020 levels were the worst since records began in 1933. In total, th...
