{"id":4943,"date":"2013-07-18T14:36:02","date_gmt":"2013-07-18T14:36:02","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=4943"},"modified":"2013-07-18T14:36:02","modified_gmt":"2013-07-18T14:36:02","slug":"uk-cv-manufacturing-up-1-4-in-june-as-home-sales-beat-export-slump","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/4943","title":{"rendered":"UK CV Manufacturing Up 1.4% In June, As Home Sales Beat Export Slump"},"content":{"rendered":"

UK commercial vehicle manufacturing output rose by 1.4% in June, bringing to a halt a run of steep falls, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT).<\/p>\n

A 17% surge in domestic demand managed to overcome an 8% fall in export demand. The statistics are a sharp contrast to May’s figures<\/a>, when export demand fell by 33% and home demand increased by just 1.4%. However, June’s figures still leave overall UK CV manufacturing output down by 13.5% so far this year, as these figures show:<\/p>\n\n\n\n\n\n\n\n
CV manufacturing<\/strong><\/td>\nJun-12<\/strong><\/td>\nJun-13<\/strong><\/td>\n% Change<\/strong><\/td>\nYTD-12<\/strong><\/td>\nYTD-13<\/strong><\/td>\n% Change<\/strong><\/td>\n<\/tr>\n
Total<\/td>\n8,367<\/td>\n8,480<\/td>\n1.4%<\/td>\n56,096<\/td>\n48,517<\/td>\n-13.5%<\/td>\n<\/tr>\n
Home<\/td>\n3,116<\/td>\n3,647<\/td>\n17.0%<\/td>\n21,908<\/td>\n23,874<\/td>\n9.0%<\/td>\n<\/tr>\n
Export<\/td>\n5,251<\/td>\n4,833<\/td>\n-8.0%<\/td>\n34,188<\/td>\n24,643<\/td>\n-27.9%<\/td>\n<\/tr>\n
% export<\/td>\n62.8%<\/td>\n57.0%<\/td>\n<\/td>\n60.9%<\/td>\n50.8%<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Data courtesy of SMMT (www.smmt.co.uk<\/a>)<\/em><\/p>\n

The fall in export demand is also a worry, in the longer term — a year ago, exports accounted for 61% of UK CV output, but that figure has now fallen to 51% and could still drop further. In the long run, home demand cannot absorb this kind of shortfall, but until the eurozone’s economic health improves, a recovery in export demand seems unlikely.<\/p>\n

\"SMMT

Total UK CV output vs. export demand — it seems unlikely that we will return to pre-recession levels, especially given the closure of Ford’s Transit plan in Southampton later in July.<\/p><\/div>\n

Commenting on the figures,\u00a0Nigel Base, SMMT Commercial Vehicle Manager, said:<\/p>\n

“June’s CV output provides a welcome boost to our commercial vehicle industry, with volumes increasing 1.4% in the month, following a 17% surge in home market demand. Year-to-date volumes offer a slightly gloomier picture, falling 13.5% in the first half of 2013 as CV manufacturers continue to feel the effects of weak demand abroad.<\/p>\n

The remainder of the year will be challenging, but strengthening UK demand is expected to support domestic manufacturers of vans, trucks buses and coaches.”<\/p><\/blockquote>\n

The rise in domestic demand<\/a> does tally in with the fall we have seen in used van values<\/a> over the last two months, and suggests that UK van operators are finally starting to move back towards a more typical replacement cycle, rather than the extended cycles we have seen in recent years.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK CV manufacturing output rose by 1.4% in June thanks to a strong rise in domestic demand, which outweighed a fall in exports, according to the latest figures from the SMMT.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[310,1710],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/4943"}],"collection":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/comments?post=4943"}],"version-history":[{"count":2,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/4943\/revisions"}],"predecessor-version":[{"id":4946,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/4943\/revisions\/4946"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=4943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=4943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=4943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}