SMMT: European turnaround gives hope for subdued CV production

Commercial vehicle production fell 27.3% in April, as the impact of restructuring continues. Year-to-date volumes down 20.6%, with reduced output for both home and export markets. Output expected to stabilise in second half of the year with upturn in European demand. “Production of commercial vehicles continues to suffer the effects of restructuring and, for the … Continued

  • Commercial vehicle production fell 27.3% in April, as the impact of restructuring continues.
  • Year-to-date volumes down 20.6%, with reduced output for both home and export markets.
  • Output expected to stabilise in second half of the year with upturn in European demand.

“Production of commercial vehicles continues to suffer the effects of restructuring and, for the truck sector, the impact of last year’s spike in demand around new Euro-6 legislation,” said Mike Hawes, SMMT Chief Executive. “However, with some investments yet to be realised and eight consecutive months of growth in the European market, the outlook is more encouraging.”

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Click through to download the UK CV manufacturing news release for April 2014.

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