Cars: 'Strong global headwinds' drag UK car production down almost 20% - PressFrom - United Kingdom
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Cars'Strong global headwinds' drag UK car production down almost 20%

11:50  29 august  2019
11:50  29 august  2019 Source:   news.sky.com

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The number of cars made in Britain this year has fallen by almost 20 % compared to the same time last year, new figures show. So far this year, there have The SMMT said the decline in export orders was "primarily responsible", with overseas shipments falling 20.2% since January, while production for

UK car production fell to its lowest for five years in 2018, with 1,519,440 new cars leaving UK factories, a drop of 9.1% from the previous year "Given the global headwinds , the challenges to the sector are immense. Brexit is the clear and present danger and, with thousands of jobs on the line, we

'Strong global headwinds' drag UK car production down almost 20% © Getty Exports were down by 20.2% this year, compared to the same period last year

The number of cars made in Britain this year has fallen by almost 20% compared to the same time last year, new figures show.

So far this year, there have been 774,760 cars made in Britain, according to the Society of Motor Manufacturers and Traders (SMMT).

This is 180,864 fewer than at the same time last year - a fall of 18.9%.

The SMMT said the decline in export orders was "primarily responsible", with overseas shipments falling 20.2% since January, while production for the UK this year to date is down by 13.5%.

'Strong global headwinds' drag UK car production down almost 20% © Getty The SMMT says the industry needs a Brexit deal - and quickly

Meanwhile, figures also show that July saw the 14th consecutive month of falling vehicle production.

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UK car production was down more than 10% year on year in July and has now fallen for 14 Hawes said: “The sector is overwhelmingly reliant on exports and the global headwinds are strong , with Car industry executives almost universally believe a no-deal Brexit would be damaging for the sector.

The slowdown in global growth has hit India’s exports. In FY15, India registered 0.5 billion of goods shipment, down 1.2% from 4.4 billion the year In terms of the country’s export destinations, the slowdown was more visible in Asian nations such as China (minus 19%) and Singapore (minus 20

There were 108,239 vehicles made in the UK last month, a fall of 10.6% compared to July last year.

This was despite domestic demand increasing by 10.2% - or just under 2,000 vehicles - when compared to a weak July 2018.

Production for export, however, fell by 14.6% over the same period, even though eight in every 10 cars made were shipped overseas.

The Society of Motor Manufacturers and Traders (SMMT) said the decline was due to an "ongoing weakness in major EU and Asian markets coupled with some key model changes".

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Mike Hawes, SMMT chief executive, said the decline was "a serious concern".

He added: "The sector is overwhelmingly reliant on exports and the global headwinds are strong, with escalating trade tensions, softening demand and significant technological change.

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Tail- dragging planes aren't supposed to do that, the bulk of the weight is supported by the wheels near to the wing. The reason jetliners do that is such that they do not overexceed the load Exactly and the cones aren't even moving. With a headwind that strong the cones would be blowing all over the place.

Car production slowed a little last month, according to official figures. A total of 133,730 cars were made in the UK in February - 2.7% fewer Cars made for the export market rose 3.5% last month, but manufacturing for the home market was down 20 .8%. The SMMT said it reckoned the value of an

"With the UK market also weak, the importance of maintaining the UK's global competitiveness has never been more important so we need a Brexit deal - and quickly - to unlock investment and safeguard the long term future of a sector which has recently been such an international success story."

Some 168,000 people are directly employed in car manufacturing, with a further 823,000 in the wider automotive industry, the SMMT says.

It accounts for 14.4% of total UK export of goods.

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