{"id":5405,"date":"2013-10-24T19:24:01","date_gmt":"2013-10-24T19:24:01","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=5405"},"modified":"2013-10-24T19:24:01","modified_gmt":"2013-10-24T19:24:01","slug":"uk-commercial-vehicle-manufacturing-down-27-5-in-september","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/5405","title":{"rendered":"UK Commercial Vehicle Manufacturing Down 27.5% In September"},"content":{"rendered":"
\"CV

CV output has now fallen nearly as far as it did in the depths of the 2009\/10 recession.<\/p><\/div>\n

The headline says it all, really — the decline in UK commercial vehicle manufacturing (which includes vans) accelerated in September, with total output down by 27.5%, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).<\/p>\n

The decline breaks down into two main categories; a 16% drop in home market demand, and a 37.7% fall in export market demand, which basically means Europe.<\/p>\n

Mike Hawes, who is the SMMT’s chief executive, says — somewhat unconvincingly — that there is some cause for hope:<\/p>\n

\u201cCV production remained subdued in September, with continuing uncertainty in the EU and restructuring of UK operations,\u201d said Mike Hawes, SMMT Chief Executive. \u201cWhile the overall market is striving against tough conditions, there remains cause for optimism in some areas, with the truck sector out-performing the market in September.”<\/p><\/blockquote>\n

Here’s a summary of the key figures:<\/p>\n\n\n\n\n\n\n\n
CV manufacturing<\/strong><\/td>\nSep-12<\/strong><\/td>\nSep-13<\/strong><\/td>\n%
\nChange<\/strong><\/td>\n		YTD-12<\/strong><\/td>\nYTD-13<\/strong><\/td>\n%
\nChange<\/strong><\/td>\n<\/tr>\n
Total<\/strong><\/td>\n9,607<\/strong><\/td>\n6,963<\/strong><\/td>\n-27.5%<\/strong><\/td>\n82,315<\/strong><\/td>\n67,609<\/strong><\/td>\n-17.9%<\/strong><\/td>\n<\/tr>\n
Home<\/td>\n4,501<\/td>\n3,783<\/td>\n-16.0%<\/td>\n34,419<\/td>\n31,322<\/td>\n-9.0%<\/td>\n<\/tr>\n
Export<\/td>\n5,106<\/td>\n3,180<\/td>\n-37.7%<\/td>\n47,896<\/td>\n36,287<\/td>\n-24.2%<\/td>\n<\/tr>\n
% export<\/td>\n53.1%<\/td>\n45.7%<\/td>\n<\/td>\n58.2%<\/td>\n53.7%<\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

Car & engine manufacturing powering ahead<\/strong><\/p>\n

Remarkably, the decline seen in the CV sector is not affecting the engine or car manufacturing sector at all. Car output rose by 9.9% in September, while engine manufacturing was up by 8.3%. The decline in the UK’s CV manufacturing industry, where output is down by around 23% since 2011, is a singular thing.<\/p>\n

As I’ve mentioned before<\/a>, part of the problem is the closure of Ford’s Southampton Transit factory, but there must be more to it than that. Sadly, the SMMT doesn’t publish a more detailed breakdown of its figure, so it isn’t easy to say where exactly the decline is coming from — and how much of it is due to weak export demand, rather than cuts to manufacturing capacity.<\/p>\n

However, unless this trend reverses, it seems likely that there will be further structural reductions in Britain’s CV manufacturing capacity — because it can’t stay under-utlilised indefinitely.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

UK commercial vehicle manufacturing output fell by 27.5% in September, bringing the year-to-date decline to 17.9%.<\/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\/5405"}],"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=5405"}],"version-history":[{"count":4,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/5405\/revisions"}],"predecessor-version":[{"id":5410,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/5405\/revisions\/5410"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=5405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=5405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=5405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}