Monday, June 23, 2008
Vehicle production slows in May
Volumes fall 6.1 per cent year-on-year
Vehicle production in the UK slowed in May to record a 6.1 per cent year-on-year decline.
Despite the fall, volumes over the year-to-date remain 10.5 per cent ahead of 2007 figures at 793,103 units.
According to the latest SMMT figures, car production fell by 7.5 per cent to 118,866 units but commercial vehicle output remained robust, rising by 4.4 per cent to 17,702.
“May saw a slow down in UK car production, reflecting a cautious approach to demand across Western Europe,” said Paul Everitt, SMMT chief executive.
“Year-to-date volumes remain positive and are up 66,332 units over the same period in 2007.
“The outlook for UK automotive manufacturing remains optimistic with strong demand in many emerging markets.”
DATED: 23.06.08
FEED: MT
Vehicle production in the UK slowed in May to record a 6.1 per cent year-on-year decline.
Despite the fall, volumes over the year-to-date remain 10.5 per cent ahead of 2007 figures at 793,103 units.
According to the latest SMMT figures, car production fell by 7.5 per cent to 118,866 units but commercial vehicle output remained robust, rising by 4.4 per cent to 17,702.
“May saw a slow down in UK car production, reflecting a cautious approach to demand across Western Europe,” said Paul Everitt, SMMT chief executive.
“Year-to-date volumes remain positive and are up 66,332 units over the same period in 2007.
“The outlook for UK automotive manufacturing remains optimistic with strong demand in many emerging markets.”
DATED: 23.06.08
FEED: MT
