Cars SMMT predicts 'severe' coronavirus impact on UK manufacturing

02:20  27 march  2020
02:20  27 march  2020 Source:   autocar.co.uk

UK new car output: exports rise as domestic demand slumps

  UK new car output: exports rise as domestic demand slumps SMMT figures for January reveal that exports now account for more than 80% of UK car productionLatest 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.

"The 2003 SARS crisis created a severe negative impact on GDP growth for the Chinese economy and also hit the economies of a number of Southeast However, other economies are also vulnerable, with the SARS epidemic having also had a negative impact on the economies of Canada and Australia.

The impact on Italy and mainland Europe. The impact on Asia Pacific outside China. We are tracking the economic and market impact of the new coronavirus in extensive detail. Request a free trial for full access to our work on the coronavirus and more.

SMMT predicts 'severe' coronavirus impact on UK manufacturing © Autocar SMMT predicts 'severe' coronavirus impact on UK manufacturing

British new car production fell only slightly in February, but the SMMT has warned of a much sharper drop in output as a result of the coronavirus outbreak.

Figures released today by the SMMT, the UK motor industry's body, show that 122,171 new cars were built last month, a drop of 0.8% compared with January. The fall has been attributed by the SMMT to “slower demand in key global export markets”.

Reduced demand from the US and Asia meant new cars built for export fell by 3.1% to fewer than 95,000 units, despite a 3.6% increase in units shipped to the EU.

European car industry faces “severe” financial crisis

  European car industry faces “severe” financial crisis Firms call for immediate EU support as coronavirus pandemic halts production, leaving them short of cashNew car registrations have plummeted in the past few weeks as nationwide lockdowns are put in place. France has reported that registrations are down 72% compared with March last year.

The 2019–2020 coronavirus pandemic is an ongoing pandemic of coronavirus disease 2019 (COVID-19), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).

The Department of Health and Social Care is evaluating the potential impact of coronavirus on the supply of medicines and medical goods. The government will work closely with industry and partners to continually monitor the impact of coronavirus on the UK supply chain and put in place measures

However, the figures were bolstered by a resurgence in domestic demand, which climbed by a significant 7.8%, with 27,172 cars built for the home market. Overall, new car production in February fell 1.5% year on year.

The SMMT said the figures come “at a time of unprecedented challenge for the UK and its automotive industry”, as nearly all British vehicle manufacturers have paused production in an effort to stem the spread of the coronavirus.

The organisation estimates that the shutdown could mean the UK produces 200,000 fewer cars in 2020 than in 2019 - a drop of -18% - but has warned that the impact could be “far more severe” if the shutdown continues for several months. The government must, the SMMT said, accelerate access to emergency financial support for all businesses.

UK new car registrations down 44.4% in March

  UK new car registrations down 44.4% in March Coronavirus outbreak shuts factories and dealerships, causing steeper decline for car registrations than during the 2009 recessionThe latest figures from the SMMT show that 254,684 new cars were registered in March, 203,370 fewer than in the same period last year. The organisation has now adjusted its market outlook for the year ahead, predicting that 2020 will see a total of 1.73m new car registrations in the UK, down -23% on the prediction it made in January.

Go to NHS. UK / coronavirus for information about the virus and how to protect yourself. Sign up for email alerts to get the latest information. 281 patients in the UK who tested positive for coronavirus (COVID-19) have died. Cases identified in England.

Across the UK , this past weekend was a coronavirus horror show. By James Temperton. Coronaviruses are a large group of viruses that are known to infect both humans and animals, and in humans cause respiratory illness that range from common colds to much more serious infections.

SMMT chief executive Mike Hawes said: “Despite the myriad global challenges the UK automotive industry has faced in recent times, it remains fundamentally strong and February’s figures reflect that. However, these figures also reflect the calm before the storm.

“With UK car plants now effectively on national shutdown and many global markets closed, the outlook is of deep concern. We wholeheartedly welcome government’s extraordinary package of emergency support for businesses and workers, but this must get through to businesses now.

“If we’re to keep this sector alive and in a position to help Britain get back on its feet, we urgently need funding to be released, additional measures to ease pressure on cashflow and clarity on how employment support measures will work.”

Many vehicle manufacturers, parts suppliers and engineering firms based in the UK have pledged their support to helping sustain the NHS through the Covid-19 outbreak, offering to build medical ventilators, maintain emergency vehicles and transport key workers.

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Coronavirus spreads when an infected person coughs small droplets - packed with the virus - into the air. These can be breathed in, or cause an infection if you touch a surface they have landed on, then your eyes, nose or mouth. So, coughing and sneezing into tissues

minimise the potential impact on society and the UK and global economy, including key public services. maintain trust and confidence among the All NHS and HSCNI emergency and urgent care facilities are working to establish coronavirus assessment services to lessen impacts on emergency

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Ford of Britain chairman Graham Hoare said he is ‘really keen’ for people to trade in their cars for new models at the cheaper end of the market. The automotive industry has been hit hard by the pandemic, with car production falling to its lowest level since the Second World War amid plant closures.UK auto industry calls for dedicated restart package to save jobs and pave the way for recovery.New SMMT survey reveals a third of workforce still on furlough with up to one in six jobs at risk.https://t.co/xiOoDXZJGI #SMMTSummit pic.twitter.

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