Commercial vehicle production in the UK fell by 24.5% in June compared with the same period in the previous year. The SMMT cites ‘structural changes’ by vehicle manufacturers relocating production overseas as a key factor.
Volumes fell 25.4% in June and 23% over the first half of the year, with production for both home and export markets affected. However, output is expected to stabilise in the second half of the year.
“UK commercial vehicle manufacturing figures continue to be swayed by operational restructuring in 2013 and the pull-forward of demand in the heavy commercial sector,” said Mike Hawes, SMMT Chief Executive. “There are signs of optimism, however, with double-digit growth in European commercial vehicle registrations, and the emergence of new products and investments across the sector.”
| CV manufacturing |
Jun-13 |
Jun-14 |
% Change |
YTD-13 |
YTD-14 |
% Change |
|
Total |
8,507 |
6,348 |
-25.4% |
48,664 |
37,460 |
-23.0% |
|
Home |
3,674 |
3,054 |
-16.9% |
24,021 |
18,598 |
-22.6% |
|
Export |
4,833 |
3,294 |
-31.8% |
24,643 |
18,862 |
-23.5% |
|
% export |
56.8% |
51.9% |
50.6% |
50.4% |
