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UK market strength sees CV output rise in June

Overall, CV manufacturing fell 13.5% during the first half of 2013 to 48,517 units, leading to a fall in export volumes. This impacted growth, with just 51% of volumes going overseas for the year-to-date versus 61% a year ago.

Nigel Base, SMMT CV manager, explained: ‘June's CV output provides a welcome boost to our commercial vehicle industry, with volumes increasing 1.4% in the month, following a 17% surge in home market demand.

‘Year-to-date volumes offer a slightly gloomier picture, falling 13.5% in the first half of 2013 as CV manufacturers continue to feel the effects of weak demand abroad. The remainder of the year will be challenging, but strengthening UK demand is expected to support domestic manufacturers of vans, trucks buses and coaches.’

Latest SMMT figures

CV manufacturing

Jun-12

Jun-13

% Change

YTD-12

YTD-13

% Change

Total

8,367

8,480

1.4%

56,096

48,517

-13.5%

Home

3,116

3,647

17.0%

21,908

23,874

9.0%

Export

5,251

4,833

-8.0%

34,188

24,643

-27.9%

% export

62.8%

57.0%

 

60.9%

50.8%

 

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