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May 29, 2014updated 12 Apr 2017 3:58pm

UK CV manufacturing plummets in April

Manufacturing of commercial vehicles (CVs) in the UK fell 27.3% in April compared to the same period last year, according to data released by the Society of Motor Manufacturers and Traders (SMMT).

By Isabella Grotto

Manufacturing of commercial vehicles (CVs) in the UK fell 27.3% in April compared to the same period last year, according to data released by the Society of Motor Manufacturers and Traders (SMMT).

According to the society, the decline from 8,623 total CVs manufactured in April 2013 to 6,270 last month reflects the ongoing negative impact of restructuring in the market.

In particular, the export market witnessed the greatest decline, down 28.6% from 4,724 to 3,375 units.

Year-to-date the figures also showed a 20.6% decrease, with both home and export markets showing reduced output in the first four months of 2014.

The first third of 2014 witnessed a particular decline in the home market, which was down 25.2% to 12,412 from 16,565 at the end of April 2013.

Mike Hawes, chief executive of the SMMT, said: "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."

He added that prospects for 2014 looked more encouraging, however, and assured: "with some investments yet to be realised and eight consecutive months of growth in the European market, the outlook is more encouraging."

Despite UK CV manufacturing declining in April, The European Automobile Manufacturers Association (ACEA) reported commercial registrations increased the continent, including a slight fall in the UKhttp://www.leasinglife.com/news/newscommercial-vehicle-registrations-up-in-april-acea-4279410/

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