Home demand for UK built cars drops by more than a quarter in November
PUBLISHED: 09:50 21 December 2017 | UPDATED: 09:50 21 December 2017
The UK car market saw a whopping 28% drop in domestic demand in November – the biggest decline of the year.
Just under 161,500 cars were built in the month, down by 4.6% compared with a year earlier, amid a continuing reduction in production for the home market.
The Society of Motor Manufacturers and Traders (SMMT) said exports rose by 1.3% in the month, and also revealed that almost 80% of the 1.5 million cars built in the UK this year have gone to one of 160 global markets.
Mike Hawes, SMMT chief executive, said: “Brexit uncertainty, coupled with confusion over diesel taxation and air quality plans, continues to impact domestic demand for new cars and, with it, production output.
“Whilst it is good to see exports grow in November, this only reinforces how overseas demand remains the driving force for UK car manufacturing.
“Clarity on the nature of our future overseas trading relationships, including details on transition arrangements with the EU, is vital for future growth and success.”