{"id":6854,"date":"2014-11-20T16:47:51","date_gmt":"2014-11-20T16:47:51","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=6854"},"modified":"2014-11-20T16:47:51","modified_gmt":"2014-11-20T16:47:51","slug":"signs-of-hope-from-october-cv-manufacturing-figures","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/6854","title":{"rendered":"Signs of hope from October CV manufacturing figures?"},"content":{"rendered":"
\"UK

That\u00a0lost production ain’t never coming back:\u00a0UK commercial vehicle manufacturing, rolling year total 2008 – 2014 (courtesy of SMMT)<\/p><\/div>\n

UK commercial vehicle production fell by 31% in September, and by 23% during the first\u00a0six months of 2014.In that context, October’s 8.9% decline looks\u00a0pretty encouraging — especially as it masks a 14.6%\u00a0increase<\/em> in production for the UK market, compared to the same period last year.<\/p>\n

The reason total production declined is that export demand, primarily to the EU, remains weak, and fell by 30.6% last month,\u00a0taking the year-to-date decline in export production to 27.9%.<\/p>\n

The enfeebled state of the eurozone economy is no surprise: it is reassuring, however, to see that UK demand for home-produced vehicles may be picking up. The SMMT figures don’t provide a breakdown, but I’m fairly sure that a significant part of last months’ climb — if not all of it — was due to the introduction of the new Vauxhall Vivaro, which is built at GM’s Luton plant.<\/p>\n

This would also explain why the increase wasn’t mirrored in export figures:\u00a0the Renault Trafic, for example (the same vehicle, badge engineered) is built in one of Renault’s plants in France, and will be the default choice for many French and Iberian buyers.<\/p>\n

Here’s how last months’ figures look:<\/p>\n\n\n\n\n\n\n\n
CV manufacturing<\/strong><\/td>\nOct-13<\/strong><\/td>\nOct-14<\/strong><\/td>\n% Change<\/strong><\/td>\nYTD-13<\/strong><\/td>\nYTD-14<\/strong><\/td>\n% Change<\/strong><\/td>\n<\/tr>\n
Total<\/strong><\/td>\n7,939<\/strong><\/td>\n7,235<\/strong><\/td>\n-8.9%<\/strong><\/td>\n75,826<\/strong><\/td>\n57,981<\/strong><\/td>\n-23.5%<\/strong><\/td>\n<\/tr>\n
Home<\/td>\n3,816<\/td>\n4,372<\/td>\n14.6%<\/td>\n35,416<\/td>\n28,846<\/td>\n-18.6%<\/td>\n<\/tr>\n
Export<\/td>\n4,123<\/td>\n2,863<\/td>\n-30.6%<\/td>\n40,410<\/td>\n29,135<\/td>\n-27.9%<\/td>\n<\/tr>\n
% export<\/td>\n51.9%<\/td>\n39.6%<\/td>\n<\/td>\n53.3%<\/td>\n50.2%<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

Commenting on the figures, Mike Hawes, SMMT chief executive, said that EU demand remained uncertain, but that UK demand was now expected to stabilise:<\/p>\n

“The heavy fall seen in UK commercial vehicle manufacturing over the past year is now levelling off as the effects of last year\u2019s restructuring only apply to year-to-date figures. With new models now being produced in UK plants, production for the home market grew for the first time since June 2013. It remains to be seen if the recent growth in EU demand will continue, but the indications are of greater stability in the months to come.”<\/p><\/blockquote>\n

There’s a lot of media focus on how UK car production has risen to record levels in recent years, and that’s certainly good news. However, what seems to be less well understood is the catastrophic decline in UK CV production since 2008.\u00a0Output has fallen\u00a0from a peak of about\u00a0230,000 per year to\u00a0around 75,000 per year — a 67% decline!<\/strong><\/em> In fact, SMMT has stopped including rolling 12-month figures in its monthly updates (e.g. the table above), presumably because they are so depressing.<\/p>\n

If you don’t believe me, just take a look at the graph at the top of this article.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK commercial vehicle manufacturing output fell by just 8.9% in October, and output for the UK market rose by a healthy 14.6%, according to the latest SMMT figures.<\/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\/6854"}],"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=6854"}],"version-history":[{"count":1,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/6854\/revisions"}],"predecessor-version":[{"id":6861,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/6854\/revisions\/6861"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=6854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=6854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=6854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}