August 2020 UK Commercial Vehicle Manufacturing

August 2020 UK Commercial Vehicle Manufacturing

Commercial vehicle production falls -11.5% in August

  • August commercial vehicle production declines -11.5%, with 4,915 vans, taxis, trucks and buses manufactured.
  • Some 641 fewer vehicles produced in the month than the previous year, which marked the strongest August since 2012.
  • Year-to-date performance remains down, as industry struggles to make up demand shortfall of -20.0%.

Friday 25 September, 2020

UK commercial vehicle (CV) production declined -11.5% in August, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT), with 4,915 commercial vehicles rolling off production lines. The decrease follows a particularly buoyant August 2019, when new model production boosted factory output, marking the best August since 2012.1

Production for the domestic market grew 22.3%, while demand from key markets such as Europe, the Americas and Asia fell, decreasing exports by -29.6% and bringing the overall share of vehicles built for overseas customers down to 51.8%.

While restrictions tighten both at home and abroad ahead of a second wave of the coronavirus pandemic, UK commercial vehicle production is yet to make up a shortfall of more than 9,000 units, with year-to-date performance now down by -20.0% year on year in the first eight months.

Mike Hawes, SMMT Chief Executive, said,

Commercial vehicle manufacturers are facing multiple challenges as a second wave of coronavirus results in tighter restrictions on their own operations and those of their customers. We welcome yesterday’s introduction of a job support scheme and await more detail on how it will work for these businesses that have been so reliant on the current furlough scheme. However, we also still need immediate measures for suffering bus and coach manufacturers and their supply chains as we head into a difficult winter with no long-term solution in sight for plummeting ridership numbers. More broadly, with the looming end to the Brexit transition period, the sector faces the prospect of even greater strain on its tentative restart.

Notes to editors

1. CV production in August 2019 – 5,544; CV production in August 2018 – 3,748.

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Notes to Editors

About SMMT and the UK automotive industry

The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and most influential trade associations in the UK. It supports the interests of the UK automotive industry at home and abroad, promoting a united position to government, stakeholders and the media.

The automotive industry is a vital part of the UK economy accounting for £82 billion turnover and £18.6 billion value added. With some 168,000 people employed directly in manufacturing and 823,000 across the wider automotive industry, it accounts for 13% of total UK export of goods and invests £3.75 billion each year in automotive R&D. More than 30 manufacturers build some 70 models of vehicle in the UK supported by 2,400 component providers and some of the world’s most skilled engineers.

More detail on UK automotive available in SMMT’s Motor Industry Facts 2019 publication at  smmt.co.uk/facts20

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