December 15, 2019

UK commercial vehicle production more than halves in June

UK commercial vehicle (CV) production fell by -57.2% in June, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).

Manufacturing for both home and overseas markets experienced declines in the month, falling -44.7% and -65.4% respectively. 3,345 vans, trucks and buses left production lines in June, as key model changeovers continued to impact output.

In the first six months, output fell -15.8% on the same period in 2018. The overall fall was driven by three months of significant decline following a strong start to the year. Home production increased by 11.1%, while exports fell -29.2%, with 19,735 units shipped abroad in the first half of the year.

Mike Hawes, SMMT chief executive, said, “Although model changes and fluctuating fleet buying cycles are behind the recent decline, these half-year results once again demonstrate the importance of exports to UK commercial vehicle production. Exports to the EU account for a substantial part of CV output, therefore a Brexit deal that maintains frictionless trade and secures our competitiveness will be key to the future viability of this valuable UK sector.”