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Cars UK new car output: exports rise as domestic demand slumps

02:40  27 february  2020
02:40  27 february  2020 Source:   autocar.co.uk

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A rise in new car exports failed to stop UK car production dropping 2.1% year-on-year in January, making it the fifth successive month of decline for the The rise in overseas demand was in contrast to a sharp drop in domestic production, which was down 23.9% to 20,444 units in light of “continuing

LONDON (Reuters) - British car production fell 4.4 percent in February, dragged down by the seventh consecutive monthly decline in domestic demand as sales in Europe's second biggest car market continue to slump , an industry body said on Thursday.

UK new car output: exports rise as domestic demand slumps © Autocar UK new car output: exports rise as domestic demand slumps

A rise in new car exports failed to stop UK car production dropping 2.1% year-on-year in January, making it the fifth successive month of decline for the industry.

Latest figures from the SMMT reveal that 118,314 new cars were built in the UK last month, compared to 120,890 in the same period last year.

Despite the drop in overall output, the number of cars built for export increased by 4.1% to 97,870, accounting for 82.7% of the UK’s total output. The SMMT attributes this uptick to rising demand in key Asian and European markets for new models from UK-based manufacturers.

UK car production down 16.5% in November

  UK car production down 16.5% in November Latest figures show the ongoing effects of earlier factory closures; SMMT calls again for EU trade dealA total of 107,753 cars were built in the UK last month, compared with 129,030 in November 2018. The SMMT attributes the deficit to “soft consumer and business confidence, weak demand in overseas markets and model production changes”.

LONDON (Reuters) - British car production was flat in January as a rise in exports outweighed a drop in domestic demand , an industry body said on Wednesday. Output stood at 147,481 cars last month, down 0.05 percent, as a 1.5 percent increase in sales abroad compensated for a 6 percent drop in

British car production fell 4.6 percent in November due to a nearly 30 percent drop in year-on-year domestic demand , which an industry body “Whilst it is good to see exports grow in November, this only reinforces how overseas demand remains the driving force for UK car manufacturing.”

The rise in overseas demand was in contrast to a sharp drop in domestic production, which was down 23.9% to 20,444 units in light of “continuing weak confidence”, according to the organisation. This was the driving factor behind last month being the worst January for UK car production in nine years.

SMMT Chief Executive Mike Hawes said: “Exports are the bedrock for UK car manufacturing so a rise in January exports is welcome following recent declining demand in overseas markets. These figures, however, still give great cause for concern, with another month of falling car production driven by a lack of confidence and corresponding weak demand in the UK.

“The upcoming Budget is an opportunity for the government to provide supportive measures to stimulate the market, but the biggest boost would be the agreement of an ambitious free trade deal with Europe.”

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The number of cars made in the UK during March fell by 13.3% from a year earlier as both domestic and overseas demand for vehicles declined. But it said that double-digit falls in output for the both home market and exports were a "considerable concern". The SMMT said the UK must stay in the

LONDON (Reuters) - British car production was flat in January as a rise in exports outweighed a drop in domestic demand , an industry body said on Wednesday. Output stood at 147,481 cars last month, down 0.05 percent, as a 1.5 percent increase in sales abroad compensated for a 6 percent drop in

a screenshot of a cell phone © Provided by Autocar a screenshot of a cell phone © Provided by Autocar

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