UK COMMERCIAL VEHICLE PRODUCTION STABLE IN OCTOBER

  • UK commercial vehicle production stable in October, down just -0.2%.
  • Output for overseas market up 9.3%, but production of home orders drops -8.5%.
  • Year-to-date performance falls in double digits, down -11.5%.

Thursday 28 November 2019 UK commercial vehicle (CV) production was stable in October down just -0.2%, with 9,065 units manufactured, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Output for crucial overseas markets was up some 9.3%, but production for the domestic market fell -8.5% in the face of weakening demand. 

In the month, factories turned out just 15 units fewer than in the same period in 2018, as key new model production ramped up, with just over half of all those made heading abroad, 51.3%. Performance in the year to date remains down, however, falling by -11.5% overall, with the decline driven primarily by dwindling exports, down -16.6%, but also a fall in production for the UK market by a more modest -3.6%. All told just over 62,000 new CVs have been made in Britain this year.

Mike Hawes, SMMT Chief Executive, said, “Some stability for commercial vehicle production in October is welcome, but it's far too early to tell if this will last, not least due to a fluctuating fleet buying cycles and model changeovers affecting output. Year-to-date figures paint a clearer picture; with CV output decreasing, and orders at home and abroad down. Preserving beneficial trading arrangements with the EU and other global markets is crucial to the future success of the industry so we need a new relationship based on free and frictionless trade.”

Notes to editors

High res charts can be downloaded here:

https://www.dropbox.com/sh/w9pldzxmm87xp4t/AACRid01Jii5m0soVTtSR7cFa?dl=0
 

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 £82 billion turnover and £18.6 billion value added. With some 168,000 people employed directly in manufacturing and 823,000 across the wider automotive industry, it accounts for 14.4% of total UK export of goods and invests £3.75 billion each year in automotive R&D. More than 30 manufacturers build some 70 models of vehicle in the UK supported by 2,500 component providers and some of the world's most skilled engineers. 

More detail on UK automotive available in SMMT's Motor Industry Facts 2019 publication at smmt.co.uk/facts19 

Broadcasters: SMMT has an ISDN studio and access to expert spokespeople, case studies and regional representatives. 

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