SMMT release latest commercial vehicle manufacturing data for April 2013
The Society of Motor Manufacturers and Traders (SMMT) have just released the UK Commercial vehicle manufacturing data for April 2013 and it's not all bad news, as the SMMT look on the bright side by announcing that the rate of decline in CV output slowed down in April.
According to the latest figures, Commercial vehicle (CV) output fell 3.3% in April to 8,623 units, however despite the output continuing to decline in April, the fall was less than expected and output for the UK home market grew.
"Demand for UK-built commercial vehicles continued to fall in April, with output dropping 3.3%. There is growth at some UK plants which helped to ease the rate of decline compared to previous months this year," said Mike Baunton, SMMT Interim Chief Executive. "2013 is proving to be a difficult year for our CV manufacturers as they experience weak demand from export markets, particularly Europe. Rising output for the home market is encouraging, demonstrating that UK operators are keen to exploit the diverse variety of CVs made in the UK from light vans to double-decker buses and large trucks."
Better news for the car market, as per the SMMT data, output rebounds in April to lift year-to-date total. Car manufacturing rose 16.6% to 110,033 units in April. Growth reflects demand in the home market, up 66.1% in April and in economies outside of Europe. Weak European demand remains a concern. Independent analysts suggest that UK car manufacturing could grow a third bigger by 2016 with growth expected year-on-year.
To view the full April 2013 data and graphical information, you can visit the SMMT website by clicking here.
According to the latest figures, Commercial vehicle (CV) output fell 3.3% in April to 8,623 units, however despite the output continuing to decline in April, the fall was less than expected and output for the UK home market grew.
"Demand for UK-built commercial vehicles continued to fall in April, with output dropping 3.3%. There is growth at some UK plants which helped to ease the rate of decline compared to previous months this year," said Mike Baunton, SMMT Interim Chief Executive. "2013 is proving to be a difficult year for our CV manufacturers as they experience weak demand from export markets, particularly Europe. Rising output for the home market is encouraging, demonstrating that UK operators are keen to exploit the diverse variety of CVs made in the UK from light vans to double-decker buses and large trucks."
| CV manufacturing | Apr-12 | Apr-13 | % Change | YTD-12 | YTD-13 | % Change |
| Total | 8,913 | 8,623 | -3.3% | 38,284 | 32,477 | -15.2% |
| Home | 3,131 | 3,897 | 24.5% | 15,177 | 16,563 | 9.1% |
| Export | 5,782 | 4,726 | -18.3% | 23,107 | 15,914 | -31.1% |
| % export | 64.9% | 54.8% | 60.4% | 49.0% |
Better news for the car market, as per the SMMT data, output rebounds in April to lift year-to-date total. Car manufacturing rose 16.6% to 110,033 units in April. Growth reflects demand in the home market, up 66.1% in April and in economies outside of Europe. Weak European demand remains a concern. Independent analysts suggest that UK car manufacturing could grow a third bigger by 2016 with growth expected year-on-year.
To view the full April 2013 data and graphical information, you can visit the SMMT website by clicking here.
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