03 Nov 2014
CV output down but light at the end of the tunnel
- Overall UK commercial vehicle production fell by 2,179 units year-on-year despite production of certain new models beginning to ramp up.
- Output for year-to-date down by a quarter (25.2%) due to plant restructuring over the past year.
- Exports increased for the first time in six months as the European commercial vehicle market gradually recovers.
"UK commercial vehicle production remained negative in September, while key manufacturing facilities adjusted to new models," said Mike Hawes, SMMT Chief Executive. "We expect monthly output to level off in the coming months, with the restructuring of operations last year now only affecting the year-to-date figures."