UK COMMERCIAL VEHICLE MANUFACTURING

UK COMMERCIAL VEHICLE MANUFACTURING

Posted 31 July, 2019 at 11:35

Author Mark Bradshaw on behalf of (IFM) Independent Forecourt Magazine


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31 July 2019 (data for June and H1 2019)

UK Commercial vehicle production more than halves in June

  • British commercial vehicle manufacturing declined by more than half in June, as model changeovers continue to affect output.
  • Production for home market falls -44.7%, while exports decline -65.4%.
  • Half-year manufacturing down -15.8%, with 35,345 units produced – but output is expected to recover in second half of year.

Wednesday 31 July, 2019 UK commercial vehicle (CV) production fell by -57.2% in June, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Manufacturing for both home and overseas markets experienced declines in the month, falling -44.7% and -65.4% respectively. 3,345 vans, trucks and buses left production lines last month, as key model changeovers continued to impact output.

In the first six months, output fell -15.8% on the same period in 2018. The overall fall was driven by three months of significant decline following a strong start to the year. Home production increased by 11.1%, while exports fell -29.2%, with 19,735 units shipped abroad in the first half of the year. However, exports still account for more than half of all UK CV manufacturing, with the majority destined for the EU.

Mike Hawes, SMMT Chief Executive, said, “Although model changes and fluctuating fleet buying cycles are behind the recent decline, these half-year results once again demonstrate the importance of exports to UK commercial vehicle production. Exports to the EU account for a substantial part of CV output, therefore a Brexit deal that maintains frictionless trade and secures our competitiveness will be key to the future viability of this valuable UK sector.”

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