UK fresh car production plummets by ten per cent in May after record begin to 2017
Figures released on Thursday by the Society of Motor Manufacturers and Traders (SMMT), showcase 136,119 fresh cars were built last month, a 9.7 per cent fall with the same period in 2016
- Miles Dilworth
- Wednesday twenty eight June two thousand seventeen 17:06 BST
The Independent Online
Fresh car production had liked a record embark to the year, but slowed in April after a twenty per cent drop on the previous year as a result of a fresh vehicle excise duty Matt Cardy/Getty Pics
UK fresh car production is stuck in switch sides after another month of declining production, fresh figures demonstrate.
Figures released on Thursday by the Society of Motor Manufacturers and Traders (SMMT), display 136,119 fresh cars were built last month, a 9.7 per cent fall with the same period in 2016.
Fresh car production had liked a record commence to the year, but slowed in April after a twenty per cent drop on the previous year as a result of a fresh vehicle excise duty.
The slowdown comes as car manufacturers prepare to ramp up production of fresh models, with exports remaining the main driver of request. 576,556 fresh cars have been shipped abroad since January, a 0.8 per cent increase year-on-year, albeit production for overseas markets fell by 9.0 per cent in May. Almost eighty per cent of British cars are exported, with more than half going to Europe.
UK car production slumps by almost a fifth in April
Production for the home market fell by 12.8 per cent in May, down 8.1 per cent in the year-to-date. Despite this, almost 730,000 fresh cars have been made in Britain in the very first five months of the year, following the record spectacle seen in Q1.
Mike Hawes, SMMT chief executive, said: “After a record begin to the year, car production in the UK has slowed as production lines gear up for a range of fresh models. Global request is strong and exports remain the driving force for British car production volumes in the UK. Maintaining our current open trade links with Europe, our largest market, and further developing global markets is vital for this sector.”
The SMMT has been one of the most vocal trade figures opposed to Brexit.
Earlier this month, it warned of “permanent harm” and “death by a thousand cuts” in investment that could lead to a surge in the price of fresh cars from Europe by as much as £1,500.
Total British car production rose to a 17-year high in the very first three months of 2017, with growing overseas request offsetting weaker appetite from domestic car buyers.
But overall production fell by eighteen per cent in April on the previous year, the fastest rate in more than two and a half years.
UK fresh car production plummets by ten per cent in May after record commence to 2017, The Independent
UK fresh car production plummets by ten per cent in May after record begin to 2017
Figures released on Thursday by the Society of Motor Manufacturers and Traders (SMMT), display 136,119 fresh cars were built last month, a 9.7 per cent fall with the same period in 2016
- Miles Dilworth
- Wednesday twenty eight June two thousand seventeen 17:06 BST
The Independent Online
Fresh car production had loved a record embark to the year, but slowed in April after a twenty per cent drop on the previous year as a result of a fresh vehicle excise duty Matt Cardy/Getty Photos
UK fresh car production is stuck in switch roles after another month of declining production, fresh figures demonstrate.
Figures released on Thursday by the Society of Motor Manufacturers and Traders (SMMT), demonstrate 136,119 fresh cars were built last month, a 9.7 per cent fall with the same period in 2016.
Fresh car production had loved a record commence to the year, but slowed in April after a twenty per cent drop on the previous year as a result of a fresh vehicle excise duty.
The slowdown comes as car manufacturers prepare to ramp up production of fresh models, with exports remaining the main driver of request. 576,556 fresh cars have been shipped abroad since January, a 0.8 per cent increase year-on-year, albeit production for overseas markets fell by 9.0 per cent in May. Almost eighty per cent of British cars are exported, with more than half going to Europe.
UK car production slumps by almost a fifth in April
Production for the home market fell by 12.8 per cent in May, down 8.1 per cent in the year-to-date. Despite this, almost 730,000 fresh cars have been made in Britain in the very first five months of the year, following the record spectacle seen in Q1.
Mike Hawes, SMMT chief executive, said: “After a record embark to the year, car production in the UK has slowed as production lines gear up for a range of fresh models. Global request is strong and exports remain the driving force for British car production volumes in the UK. Maintaining our current open trade links with Europe, our fattest market, and further developing global markets is vital for this sector.”
The SMMT has been one of the most vocal trade figures opposed to Brexit.
Earlier this month, it warned of “permanent harm” and “death by a thousand cuts” in investment that could lead to a surge in the price of fresh cars from Europe by as much as £1,500.
Total British car production rose to a 17-year high in the very first three months of 2017, with growing overseas request offsetting weaker appetite from domestic car buyers.
But overall production fell by eighteen per cent in April on the previous year, the fastest rate in more than two and a half years.