CV production slumps a quarter
UK commercial vehicle (CV) production decreased by 25.6% in October, with 6,761 units manufactured.
According to the Society of Motor Manufacturers and Traders (SMMT), output for both overseas and domestic markets declined, by 21.1% and 30.4% respectively, as worries over recovery post-pandemic were compounded by the looming threat of a ‘no deal’ Brexit.
Factories turned out 2,326 fewer buses, coaches, vans, trucks and taxis than in the same month in 2019, as output for the domestic market fell for the first time since May.
Performance in the year to date remains down, falling by 18.1% overall, with a shortfall of 11,256 units in the first 10 months of the year.
Mike Hawes, SMMT chief executive, said: “These figures demonstrate the immense pressure the commercial vehicle sector is under in these unprecedented times. During the pandemic the industry has stepped up, flexing to meet demand while, as always, putting safety first. CV output is decreasing, however, and orders at home and overseas are down as operators delay fleet renewal due to Covid pressures, exacerbated, in the UK at least, by Brexit uncertainty.
“Mass fleet electrification and economic recovery will only come if we can ensure the long-term competitiveness of UK Automotive. This starts with a favourable Brexit deal, with zero tariffs and rules of origin that encompass not just existing products but the next generation of zero emission capable technologies.”
