CV manufacturing down 23 in first half of year

UK CV manufacturing output rolling year totalUK CV manufacturing output, year-to-date, 2012-2014Click through to download the UK CV manufacturing news release for June 2014.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) Commercial vehicle production continued to decline in June, reflecting 2013 structural changes.Volumes fell 25.4% in June and 23% over the first half of the year, with production for both home and export markets affected.Output expected to stabilise in second half of the year.“UK commercial vehicle manufacturing figures continue to be swayed by operational restructuring in 2013 and the pull-forward of demand in the heavy commercial sector,” said Mike Hawes, SMMT Chief Executive. “There are signs of optimism, however, with double-digit growth in European commercial vehicle registrations, and the emergence of new products and investments across the sector.” read more