SMMT report declining demand for vans in September
The Society of Motor Manufacturers and Traders (SMMT), one of the largest and most influential trade associations in the UK, has announced that car and van output fell 5.8% in September, but remains up 10.2% over the year-to-date. They also report that UK engine production declined 12.8% in September, with January-September levels down 0.4%. Most worrying is the data which shows that commercial vehicle output fell 20.2% in the month, accelerating the 7.5% decline seen over the year so far.
"Declining demand for cars and vans across the major European markets impacted UK vehicle and engine production in September," said Paul Everitt, SMMT Chief Executive. "Total UK vehicle manufacturing in the year so far has increased 8.7%, but monthly output fell by 7% in September. The strong demand for UK products outside Europe and the investment committed by major vehicle manufacturers will secure future growth, although the coming months will be challenging for companies at all levels in the supply chain. European governments must focus on securing financial stability and economic growth or they risk long-term damage to key industries."
For more information and to view more detailed graphs/tables, see the SMMT’s Sustainability Report 2012 and Motor Industry Facts 2012 by clicking here.
"Declining demand for cars and vans across the major European markets impacted UK vehicle and engine production in September," said Paul Everitt, SMMT Chief Executive. "Total UK vehicle manufacturing in the year so far has increased 8.7%, but monthly output fell by 7% in September. The strong demand for UK products outside Europe and the investment committed by major vehicle manufacturers will secure future growth, although the coming months will be challenging for companies at all levels in the supply chain. European governments must focus on securing financial stability and economic growth or they risk long-term damage to key industries."
For more information and to view more detailed graphs/tables, see the SMMT’s Sustainability Report 2012 and Motor Industry Facts 2012 by clicking here.
Comments
Post a Comment