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European turnaround gives hope for CV production

29 May 2014 #Bus and Coach #News #Sales #Top Stories #Truck #Van

Commercial vehicle production in the UK fell 27.3% in April, as the impact of restructuring continues with year-to-date volumes down 20.6% and reduced output for both home and export markets.

However, output is expected to stabilise in second half of the year with upturn in European demand, which rose for . Demand for new commercial vehicles in the EU increased for the eighth consecutive month in April.

Across the EU, Ttotal commercial vehicle registrations grew by 5.1% during April, totalling 151,571 units. Growth was sustained across LCV as well the buses and coaches segments, while the market for trucks and heavy trucks contracted. Out of the most significant markets, Spain (+54.6%) and Italy (+15.2%) recorded double-digit growth.

In April, demand for new buses and coaches across the EU increased by 20.4%, totalling 3,080 units. Poland (+64.2%), the UK (+44.7%) and Spain (+31.7%) posted double-digit growth and Germany (+4.1%) also recorded an upturn. Over the same period, France (-7.9%) and Italy (-31.6%) saw demand decline. Four months into the year, the EU market grew by 5.6%, totalling 10,331 new buses and coaches.

Commenting on UK commercial vehicle manufacturing, SMMT Chief Executive Mike Hawes said, “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.”

 

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