{"id":9821,"date":"2017-05-03T15:27:26","date_gmt":"2017-05-03T15:27:26","guid":{"rendered":"https:\/\/www.vanrental.co.uk\/vanblog\/?p=9821"},"modified":"2017-05-03T15:28:20","modified_gmt":"2017-05-03T15:28:20","slug":"uk-commercial-vehicle-manufacturing-drops-4-3-in-march","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/9821","title":{"rendered":"UK commercial vehicle manufacturing drops 4.3% in March"},"content":{"rendered":"

Weak domestic\u00a0demand pushed commercial vehicle manufacturing output down by\u00a04.3% in March, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).<\/p>\n

The trade body said that despite a 7.8% increase in export demand for UK-built vans and trucks, an 18.4% drop in\u00a0domestic demand led to an overall decline in output. This pattern\u00a0is a continuation of the\u00a0trend seen so far this year<\/a> — home demand has fallen by 25%, offsetting a 21.2% rise in export demand:<\/p>\n

\"SMMT

Source: SMMT<\/p><\/div>\n

The message from SMMT chief Mike Hawes was that exports to the EU remain of vital importance to UK\u00a0automotive firms:<\/p>\n

\u201cDespite the expected fall in domestic demand following extremely high levels of growth in the previous two years, UK CV production remains positive and continuing growth in overseas demand highlights the quality and competitiveness of our products. With some 90% of CV exports destined for the EU, we urge government to strive to deliver a free trade deal that will maintain that competitiveness and secure this industry\u2019s future success.\u201d<\/p><\/blockquote>\n

This\u00a0graph shows how exports have been offsetting falling domestic demand over the last year:<\/p>\n

\"CV

CV output rolling year March 2009- March 2017 (source: SMMT)<\/p><\/div>\n

According to the SMMT figures, exports\u00a0now account for 64.3% of all UK CV production, the highest level for seven years. Expect more on this topic as Brexit negotiations get underway.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK commercial vehicle manufacturing output fell by 4.3% to 8,041 units in March, as a slump in home demand outweighed export growth.<\/p>\n","protected":false},"author":2,"featured_media":9823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[2067,310],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9821"}],"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=9821"}],"version-history":[{"count":3,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9821\/revisions"}],"predecessor-version":[{"id":9826,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9821\/revisions\/9826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media\/9823"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=9821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=9821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=9821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}