This resulted in a manufacturing downturn of 22.8% over the year-to-date, with output for both home and export down. However, SMMT expects production to stabilise in late summer.
‘UK commercial vehicle output continued to feel the effects of last year’s production restructuring with volumes down 32% in May. There is light at the end of the tunnel, however, as we look forward to the end of this impact in late summer,’ commented Mike Hawes, SMMT chief executive. ‘The next few months will also see new models rolling off UK assembly lines, which will help boost production numbers.’
|
CV manufacturing |
May-13 |
May-14 |
% Change |
YTD-13 |
YTD-14 |
% Change |
|
Total |
7,560 |
5,127 |
-32.2% |
40,037 |
30,917 |
-22.8% |
|
Home |
3,662 |
2,937 |
-19.8% |
20,227 |
15,349 |
-24.1% |
|
Export |
3,898 |
2,190 |
-43.8% |
19,810 |
15,568 |
-21.4% |
|
% export |
51.6% | 42.7% |
|
49.5% | 50.4% |
|