CV production decline needs context
Commercial vehicle (CV) manufacturing in the UK fell slightly in September to 9,742 units – a drop of 0.7%.
This is according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
However, these figures are compared to September 2015, when production more than doubled.
Mike Hawes, SMMT chief executive, said, ‘The drop in production last month comes as no surprise following the regulatory changes last year which significantly altered fleet renewal patterns. Despite the decline, the sector is broadly stable, with output remaining at a high level. Maintaining the competitive trading conditions currently delivered through membership of the single market and which underpin the strength of the sector will be critical to future performance.’