- Car production fell by 7.8 per cent in May, but only by 1.9 per cent in the YTD
May CV output confirms positive growth trend
Provisional output data released today by the Office for National Statistics shows:
- May and year-to-date CV output up 3.8 and 1.3 per cent respectively
- Domestic demand lifts home market volumes by 11.2 per cent for three months to May
- Growth in export volume falters year-on-year, but May 2004 was up 59.4 per cent
”Another positive result this May” said Christopher Macgowan, SMMT chief executive. ”UK CV makers continue to enjoy sustained growth as a result of strong continental and UK demand for vans and trucks. The need for new vans and trucks is still growing and the UK”s commercial vehicle manufacturers are very busy.”
See table below for breakdown of car production.