SMMT News UK Manufacturing

European turnaround gives hope for subdued CV production

29 May 2014 #SMMT News #UK Manufacturing
  • Commercial vehicle production fell 27.3% in April, as the impact of restructuring continues.
  • Year-to-date volumes down 20.6%, with reduced output for both home and export markets.
  • Output expected to stabilise in second half of the year with upturn in European demand.

“Production of commercial vehicles continues to suffer the effects of restructuring and, for the truck sector, the impact of last year’s spike in demand around new Euro-6 legislation,” said Mike Hawes, SMMT Chief Executive. “However, with some investments yet to be realised and eight consecutive months of growth in the European market, the outlook is more encouraging.”

UK commercial vehicle (CV) manufacturing April 2014

CV manufacturing output rolling year total

CV manufacturing output rolling year total

 

CV manufacturing output, year to date, 2012-2014

CV manufacturing output, year to date, 2012-2014

 

Click through to download the UK CV manufacturing news release for April 2014.

 

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