Commercial vehicle (CV) production in the UK has declined for the second consecutive month in November 2024, according to the Society of Motor Manufacturers and Traders (SMMT).
The output dropped by 4.1%, with 12,749 units leaving factories.
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According to SMMT, this highlights the need for measures to boost the uptake of new CVs, especially zero-emission models manufactured in the UK.
This decrease follows a strong 2023, which marked the highest November volume in 17 years, the trade group said.
The UK’s CV sector remains export-led, with 70.9% of vehicles produced in November destined for overseas markets.
However, export volumes decreased by 4.4% to 9,034 units.
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By GlobalDataThe European Union continues to be the primary export market, receiving 98.7% of the UK’s CV exports.
For the UK market, 3,715 units were produced in November 2024, 3.2% lower than November 2023.
SMMT noted that this underlines the need for measures to boost the uptake of new CVs, especially zero-emission models manufactured in the UK.
Year-to-date figures show a 5.6% growth in production, with 118,583 units produced, marking the largest January-November output since 2008.
The UK has the potential to play a major role in decarbonising the global CV sector, attracting new investments, strengthening the economy, and creating jobs, the trade body said. However, it added that these benefits are not guaranteed as manufacturers seek the most competitive locations for investment.
An ambitious industrial strategy, with a focus on the automotive sector, is essential for positioning the UK at the forefront, the SMMT suggested.
This should include clean and affordable energy, a skilled workforce, strong free trade agreements, and a vibrant domestic vehicle market.
Such a strategy could deliver £50bn ($62.66bn) of green growth by 2035.
SMMT CEO Mike Hawes said: “With more British-built commercial vehicles keeping businesses here and abroad on the move, that supports UK jobs, trade and economic growth. It is essential this sector continues to thrive but long-term growth requires an ambitious Industrial Strategy to make Britain a globally attractive location for new investment.”
