Exports soar as output increases
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COMMERCIAL vehicle production in Britain increased by 10 per cent in November compared with the same period in 1975 — and both imports and exports soared.
In November Ford pushed their production up from 2,817 vehicles in November 1975 to 2,988 last November, while Leyland also increased their production from 2,244 to 2,573 vehicles for the month.
Production of commercial vehicles for the month of November rose by nearly 800 vehicles from 7,573 in 1975 to 8,407 in November 1976.
Of the smaller manufacturers, Seddon Atkinson and Dennis were the only ones to produce fewer vehicles in November than in the previous year.
Seddon Atkinson production dropped from 21 vehicles to 15 and Dennis dropped from 39 to 23.
Foden pushed their production up from 22 in November 1975 to 38.
The biggest jump in production came at Chrysler where the figure rose from 272 to 412 vehicles during the month. Imports of commercial vehicles also rose by 68 per cent in November to £13.8million according to figures issued by the Society of Motor Manufacturers and Traders.
Britain's exports of part and accessories rose by 50 per cent over November 1975 to £148million and over the first 11 months of 1976 the value of motor exports rose 27 per cent to a record £2,982million, giving a surplus of exports over imports of a record E1,476million.