Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Commercial vehicle sales in the UK declined by 1.9pc in November on an annual basis to 8,768 units, according to the Society of Motor Manufacturers and Traders (SMMT). 


In the first 11 months of 2020, sales were short by 16pc over the same period last year tallying at 59,539 units, which includes vans, taxis, coaches, buses, and trucks. SMMT estimates an impact of £825mn ($1.1bn) due to the COVID-19 pandemic. Of the total sales in the year till November, 33,708 units were exported. 


In November, UK’s engine production also decreased by 8.2pc to 206,813 units while output declined by 28.2pc in January-November, amounting to 1.7 million engines. 


The British automotive industry ships 94pc of its exports to the EU and is urging a free-trade deal as the UK exits the Union. 

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