Car manufacturing drops again as industry body blames Brexit uncertainty for a near 10% fall in October

Car manufacturing drops again as industry body blames Brexit uncertainty for a near 10% fall in October

   December 01, 2018  
 
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Car manufacturing drops again as industry body blames Brexit uncertainty for a near 10% fall in October

Car manufacturing in the UK fell by 9.8 per cent last month, new figures have revealed.

A combination of Brexit uncertainty, model changes and turbulence in the market both at home and overseas is to blame for the drop, according to industry body, the Society of Motor Manufacturers and Traders (SMMT).

It said the number of cars produced fell by 15,255 units, compared to October of last year with production for the home market falling by 12.1 per cent in October, marking the fifth consecutive month of decline.

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Manufacturing of overseas models also dropped by 9.3 per cent last month. However, exports still make up the majority of output, accounting for 82.7 per cent of all cars made.

Mike Hawes, SMMT chief executive, said: 'The fifth consecutive month of decline for UK car manufacturing is undoubtedly concerning and, while a number of factors have been at play, there is no doubt that business and consumer uncertainty is having a significant impact.

'With eight in 10 British-built cars destined for overseas markets, the majority to the EU, the sector's dependence on exports cannot be downplayed.

'Europe is our largest trading partner and securing the right Brexit agreement which allows free and frictionless trade is vital for the future health of our industry.'

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The Society of Motor Manufacturers and Traders Ltd (SMMT), Great Peter Street, London, UK
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Grace Gausden
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