Commercial vehicle production remains 'extremely low'
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Commercial vehicle production fell sharply in June as the impact of the recession continues to deter operators from adding to their fleets, new figures have revealed.
According to statistics from the Society of Motor Manufacturers and Traders (SMMT), output slowed by 60.4 per cent over the course of the month.
Paul Everitt, chief executive at the organisation, said the "extremely low" level of production is indicative of the current financial climate.
"This reflects the difficult economic conditions and fragile business confidence in key markets, particularly the road haulage and construction sectors," he suggested.
However, there was more positive news for the car industry as the pace of decline slowed during June to record its smallest monthly shortfall of the year.
Production fell by just 30.2 per cent, suggesting the sector is weathering the crisis and beginning on "the long road to recovery", Mr Everitt said.
Earlier this month, the SMMT revealed that sales of commercial vehicles also suffered heavily in June.
The number of new truck registrations fell 47.2 per cent during the month, while new van sales slowed by 40.1 per cent.
