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

CV Manufacturing
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 prod...

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