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Fluctuating fleet buying cycles impact July CV production

UK commercial vehicle production fell last month, with the Society of Motor Manufacturers (SMMT) attributing the decline to fluctuating fleet buying cycles.

Fluctuating fleet buying cycles impact July CV production
Fluctuating fleet buying cycles impact July CV production

Overall production declined 26.1% to 6,499 units in July 2017, with production for the home market down 27.0% while export production declined 25.3%.

Output was also down for the year-to-date, with a decline of 10.9% to 50,281 units. Home production was down 29.5% but exports were up 5.9%.

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.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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