Friday, August 22, 2014
UK COMMERCIAL VEHICLE MANUFACTURING - DATA FOR JULY 2014
CV production still subdued but stability anticipated
- CV output continued its decline in July, with volumes down 25% to 6,338 units.
- July fall reflects trend in previous months, with year-to-date output down 23.3%.
- Impact of last year's structural changes continued, but stabilisation expected in coming months.
"UK commercial vehicle production fell by a quarter over last July, continuing the trend seen over the last year," said Mike Hawes, SMMT Chief Executive. "With the effects of the 2013 restructuring still evident, as well as the spike in truck registrations towards the end of last year, this was to be expected. The coming months should provide more optimism, however, with European demand showing sustained improvement."
CV manufacturing
|
July-13
|
July-14
|
% Change
|
YTD-13
|
YTD-14
|
% Change
|
Total
|
8,454
|
6,338
|
-25.0%
|
57,118
|
43,798
|
-23.3%
|
Home
|
2,346
|
2,125
|
-9.4%
|
26,367
|
20,723
|
-21.4%
|
Export
|
6,108
|
4,213
|
-31.0%
|
30,751
|
23,075
|
-25.0%
|
% export
|
72.2%
|
66.5%
|
53.8%
|
52.7%
|
CV output rolling year total
CV output, year-to-date, 2012-2014
About SMMT and the UK automotive industry
The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and most influential trade associations in the UK. It supports the interests of the UK automotive industry at home and abroad, promoting a united position to government, stakeholders and the media.
The automotive industry is a vital part of the UK economy accounting for more than£64 billion turnover and £12 billion value added. With more than 160,000people employed directly in manufacturing and in excess of 770,000 across the wider automotive industry, it accounts for 10% of total UK export of goodsand invests £1.9 billion each year in automotive R&D. More than 30 manufacturers build in excess of 70 models of vehicle in the UK supported by around 2,500 component providers and some of the world's most skilled engineers.
DATED: 22.08.2014
FEED: HA
