Commercial vehicle market growth sees exports to EU rise

Commercial vehicle market growth sees exports to EU rise

Global demand for UK-built vans, trucks, buses and coaches has grown 11.6 per cent in first half of 2017, with almost 95 per cent going to fleets in the European Union..

Nearly two-thirds (63.5 per cent) of commercial vehicles (CVs) built in Britain were exported, with 27,818 of the 43,782 total produced headed to more than 45 countries around the world.

British CV manufacturing has been boosted by growth in the EU following the recession, resulting in a 13.8 per cent rise in demand from the region, and 94.7% of UK-built CVs headed there so far this year.

Outside the EU, Israel topped the list of largest markets outside of the EU, taking 1.2% of all exports, followed by Australia (1.1%), Hong Kong and Taiwan (both 0.6%), and New Zealand (0.4%).

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