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CV output tumbles in May
Summary by SMMT
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CV output tumbles in May
The UK’s latest commercial vehicle manufacturing data published by SMMT shows a tough picture in May, with output down by -53.6% to 2,087 units – a sharp decline that reflects the impact of recent plant closures, which will continue to affect production volumes in the near future. Export volumes have also taken a hit, with the share of CVs built for overseas markets falling from 67.9% to just 41.4% – making the UK market the primary destination …
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