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British CV production fell -21.6% to 6,491 units in February in what was described as a “disappointing” performance.
The decline followed 11 months of consecutive growth in 2022 – excluding December – and strong January performance.
Export volumes drop by -18.6%, while output for the UK declines by -24.7% as supply chain constraints affect output.
In the year to date, 15,790 units have been built, up 4.3% on the first two months of 2022, thanks to a high performing January.
The export and domestic markets also benefitted from the strong result, increasing 7.2% and a more marginal 0.9% respectively this year.
Mike Hawes, SMMT CEO, said: “Following last year’s strong growth and a bumper start to 2023, February’s decline in commercial vehicle output is disappointing.
“The fall should, however, be temporary as additional production begins later in the year.
“UK automotive manufacturers continue to show resilience against persistent supply chain and economic challenges and will push to deliver the latest and cleanest CVs to customers at home and abroad.