CV Manufacturing Declines in July, but Exports Remain Steady In 2017

CV Output
CV Output: Rolling Totals – 2009-2017.
UK commercial vehicle (CV) manufacturing fell -26.1% in July according to figures released today by the Society of Motor Manufacturers (SMMT). 6,499 vans, trucks, buses and coaches were built in Britain last month, a result of fluctuating fleet buying cycles, which are a natural feature of the market.

British demand eased – with production for the home market down -27.0% – following a significant period of growth, with figures echoing trends seen in UK van registration figures. Meanwhile, the volume manufactured for export also fell by -25.3%.

While less substantial, year-to-date production also saw a decline, with output down -10.9% to 50,281 units. However, production for export stayed steady, rising 5.9% in 2017 with 31,419 units shipped internationally already in 2017 – the vast majority to Europe.

Mike Hawes, SMMT Chief Executive, said, “With the UK commercial vehicle market stabilising following a long period of strong growth, it is unsurprising to see this reflected in British manufacturing – especially when considering the impact large fleet orders can have on monthly figures. Looking at the longer-term, we expect volumes to stabilise as the sector continues to benefit from significant international demand.”

About the author

Richard Wilson is the deputy editor for Commercial Tyre Business. Since 2015, Richard has worked as a correspondent for all of the titles across the Valebridge Publications Ltd Group namely: Retreading Business, Tyre & Rubber Recycling, The Tyreman and Truck and Bus News. Richard has worked on/off from the age of 16 for the company and whilst gaining a Bachelor's Degree in Spanish and Business Studies at Coventry University, he developed his writing skills at the University paper and more recently writing his own independent blog.

Contact: richardjwilson@btconnect.com

Phone: (44) 1270 668 718

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