- UK commercial vehicle production falls -21.7% in June as demand rebalances after 2015 spike.
- 47,621 CVs produced so far in 2016 – a slight decrease of -2.2%.
- Exports up 2.7% in the year-to-date, with more than half of UK-built CVs sold overseas.
UK commercial vehicle manufacturing saw a decline in June, according to figures published today by SMMT. 7,686 CVs were built in Britain last month, down -21.7% compared with the previous year as the market rebalanced following a particularly strong performance in June 2015.
Mike Hawes, SMMT Chief Executive, said, “Disruption to fleet renewal patterns triggered by type approval changes last year meant manufacturing output spiked by more than half in June 2015.1 As a result, this year’s June performance was always going to be negative so the drop is no surprise. The market remains at a high level, buoyed by continuing resurgence in key EU markets, with more than half of UK CV output sold overseas. Maintaining the competitive trading conditions currently afforded by EU membership, including free access to major international markets, will be critical to this sector’s future performance.”
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Total UK CV manufacturing volumes grew from 6,348 units in June 2014 to 9,821 in June 2015, a rise of 54.7%: SMMT data