SMMT News UK Manufacturing

May UK vehicle production figures

19 June 2009 #SMMT News #UK Manufacturing

Source:

Cars

Commercial Vehicles 

Total vehicles 

SMMT Ltd

May-09

YTD 2009

May-09

YTD 2009

May-09

YTD 2009

Total

67,754

319,022

4,692

34,642

72,446

353,664

 

-43.0%

-54.0%

-73.5%

-65.4%

-47.0%

-55.4%

Export

53,980

254,594

3,742

26,726

57,722

281,320

 

-41.9%

-52.4%

-68.7%

-57.0%

-45.0%

-52.9%

% of total

79.7%

79.8%

79.8%

77.1%

79.7%

79.5%

Home

13,774

64,428

950

7,916

14,724

72,344

 

-46.9%

-59.4%

-83.5%

-79.0%

-53.5%

-63.1%

% of total

20.3%

20.2%

20.2%

22.9%

20.3%

20.5%

 

·      Car production down again, although May’s 43.0% drop was smallest of the year

·      Commercial vehicle production down 73.5% in May

·         Outlook remains difficult, but positive signs evident as manufacturers restart production with scrappage schemes lifting orders

 

Car production

“Prompt action by manufacturers to realign supply with demand has been painful, but was necessary. There is now a direct link between demand in the marketplace and production volumes,” said Paul Everitt, SMMT chief executive. “The scrappage schemes in place across Europe are now beginning to have a positive impact, although the full benefits will take a little longer to flow down to companies at all levels in the supply chain.”

 

 

CV production

“Commercial vehicle production is severely affected by low business confidence and economic uncertainty,” said Paul Everitt, SMMT chief executive. “Businesses across the economy are still holding back on new expenditure and will need to see better access to finance and stronger domestic demand.”

 

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