Commercial vehicle production output fell in May as an increase in production for export failed to counteract a drop in domestic demand, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
May saw 6,875 vans, trucks, buses and coaches manufactured in the UK, representing a year-on-year drop of 11.3%.
Production for the domestic market fell by 34.6%on April’s figures, as the market continued to rebalance following high levels of UK demand in the previous year and fleet buying cycles affected the timing of monthly production volumes.
Demand from overseas markets increased by 11.5%, with the proportion of commercial vehicles built for export now standing at 63.6%.
Mike Hawes, SMMT Chief Executive, said: “Following two years of rapid growth in domestic output as the market adapted to legislative changes and increasing demand, a fall in production isn’t unexpected.
“Despite the decline, CV manufacturing remains competitive, with overseas demand continuing to drive output. It is, therefore, vital we maintain our current trading relationship with Europe to secure the future success of the industry.”
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