UK commercial vehicle production declined -13.6% in February, with 7,980 vans, trucks and buses manufactured, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT).
CV Production Feels Impact of COVID19
The performance follows a bumper February in 2019 when output grew by more than half ahead of key model changes, and reflects the cyclical nature of this low volume sector.
Slower demand in key European markets saw production for export fall -26.2% in the month, with 1,670 fewer units shipped overseas. Meanwhile, following five months of ...
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