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Ninth consecutive month of decline for CV manufacturing

By / 3 months ago / News / No Comments

CV manufacturing down 35% in ninth consecutive month of decline.

SMMT - CV output rolling year totals 2009-2017

SMMT – CV output rolling year totals 2009-2017

UK production of commercial vehicles fell 34.6% in November, bringing declines in both home and overseas demand.

The figures from the Society of Motor Manufacturers and Traders (SMMT) show a total of 6,312 vans, trucks, buses and coaches left production lines last month, with domestic demand down, echoing recent declines in UK commercial vehicle registrations.

Demand from overseas markets fell 40.7%, but the proportion of CVs built for export remained high at 67.5%.

Year-to-date production fell 15.7%, with output for UK and overseas markets down 24.4% and 9.2% respectively.

Mike Hawes, SMMT chief executive, said: “November marks the ninth month of negative growth for UK CV production in 2017. Whilst fleet purchasing cycles have fluctuated, declining confidence among operators in the CV market is no doubt affecting production. To stimulate demand and safeguard the competitiveness of our industry, we need urgent clarity on transition arrangements and the nature of our long-term future relationship with Europe.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 14 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. Natalie works across the magazine portfolio and updates the company websites with daily news, interviews and road test content.