Car production increased by 3.5 per cent in Britain last month, according to the latest figures.<\/p>\n
Data from the Society of Motor Manufacturing and Traders (SMMT) showed a rise in the number of cars being produced during October compared to the same month in 2016.<\/p>\n
A total of 157,056 units were made, with strong demand coming from overseas market. Exports increased by five per cent, resulting an export rate of vehicles produced in the UK of 82.1 per cent.<\/p>\n
There was a lack of confidence in the British market, with the number of cars built for British customers falling by 2.9 per cent – the ninth month of decline.<\/p>\n
SMMT chief executive Mike Hawes said: “Production for British consumers, however, has continued to fall as domestic demand for new cars decreased for the ninth month this year amidst continued uncertainty over both Brexit and the government's air quality plans.<\/p>\n
“It's important that confidence is restored to the new car market, as sales of the latest cleaner, greener cars not only address air quality concerns but speed up activity on factory lines across the UK.<\/p>\n
“The industry needs stability and a clear roadmap for Brexit if we are to encourage investment and arrest the decline in both the market and business confidence."<\/p>\n
Car production increased by 3.5 per cent in Britain last month, according to the latest figures.<\/p>\n
Data from the Society of Motor Manufacturing and Traders (SMMT) showed a rise in the number of cars being produced during October compared to the same month in 2016.<\/p>\n
A total of 157,056 units were made, with strong demand coming from overseas market. Exports increased by five per cent, resulting an export rate of vehicles produced in the UK of 82.1 per cent.<\/p>\n
There was a lack of confidence in the British market, with the number of cars built for British customers falling by 2.9 per cent –
the ninth month of decline.<\/p>\n
SMMT chief executive Mike Hawes said: “Production for British consumers, however, has continued to fall as domestic demand for new cars decreased for the ninth month this year amidst continued uncertainty over both Brexit and the government's air quality plans.<\/p>\n
“It's important that confidence is restored to the new car market, as sales of the latest cleaner, greener cars not only address air quality concerns but speed up activity on factory lines across the UK.<\/p>\n
“The industry needs stability and a clear roadmap for Brexit if we are to encourage investment and arrest the decline in both the market and business confidence."<\/p>\n","protected":false},"excerpt":{"rendered":"
Car production increased by 3.5 per cent in Britain last month, according to the latest figures. Data from the Society of Motor Manufacturing and Traders (SMMT) showed a rise in the number of cars being produced during October compared to the same month in 2016. A total of 157,056 units were made, with strong demand […]<\/p>\n","protected":false},"author":1,"featured_media":6317,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news"],"acf":[],"yoast_head":"\n