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UK CV and engine manufacturing up in March | Automotive Trade Information
UK CV manufacturing was up 16.9% in March to six,166 autos, one yr on from the pandemic shuttering factories.
March output remained down considerably on pre-pandemic ranges, -32.2% on a 5 yr common for the month.
The home market noticed a much bigger improve than abroad, as producers adjusted to new EU buying and selling preparations and coped with renewed lockdown restrictions worldwide.
The Society of Motor Producers and Merchants (SMMT) famous CV manufacturing noticed its first month of progress since September 2020.
Mike Hawes, SMMT chief government, mentioned, “One yr for the reason that coronavirus pandemic first brought about a nationwide lockdown, we’re beginning to see indicators of restoration, with progress in industrial car manufacturing for the primary time in six months being very welcome. March 2021 was at all times going to be up, as final yr’s output was hit so badly by shuttered factories. Whereas producers are working exhausting to make up for manufacturing misplaced final yr, getting again to pre-pandemic ranges will take time as many LCV key export markets have new lockdown restrictions in place.”
March UK engine manufacturing rose 31.7% as output for home and abroad markets elevated 50.4% and 19.9% respectively. Efficiency within the first quarter was down 11.1%, although, with 534,793 engines manufactured.
Hawes mentioned: “These figures should be set in context as output in March 2020 was severely impacted by the onset of the coronavirus pandemic, which closed factories. UK engine manufacturing within the first quarter is down and the fast outlook stays difficult. Firms are working tirelessly to keep up cross border commerce, cope with Covid, and handle international element shortages, most clearly of semiconductors.”