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Light commercial vehicles

UK CV production falls back in September, down -11.7%

EDITORIAL USE ONLY Mike Hawes, CEO of SMMT (The Society of Motor Manufacturers and Traders) at its first ever debate on the contribution of commercial vehicles to improving air quality in central London. PRESS ASSOCIATION Photo. Picture date: Wednesday February 11, 2015. Mike Hawes, CEO SMMT says diesel is not a dirty word and calls on government and local councils to support the uptake of latest Euro 6 vehicles. Real world tests show latest EU standard low emission diesels 95% cleaner than older vehicles. Photo credit should read: Geoff Caddick/PA Wire

UK commercial vehicle (CV) production declined -11.7% in September, with 7,320 units manufactured, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Output for crucial overseas markets was up some 25.4%, but production for the domestic market fell -44.5% in the face of ongoing political and economic uncertainty.

Factories turned out some 7,320 CVs in the month, almost 1,000 fewer than in the same period in 2018, with the majority (66.7%) built for shipping to European and global markets. Performance in the year to date remains down, falling by -13.2% overall, driven by the decline in export orders, down more than 7,400 units. Production for the UK is also down, by -2.6%, although only four in ten British-made CVs remains in the UK given the export focus of the industry.

Mike Hawes, SMMT Chief Executive, said, “It’s been a pretty turbulent first nine months for UK commercial vehicle production, with model changeovers and the variable pattern of fleet buying cycles affecting output. While it is worrying to see a fall in September domestic orders, the vast majority of our CV output is shipped overseas, mostly into the EU, and so to ensure ongoing sector competitiveness we need a truly ambitious future relationship based on tariff-free and frictionless trade.”

 

*Article Source http://www.smmt.co.uk

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