UK car manufacturing falls 6.7% as global uncertainty escalates

THE UK car industry for so long the engine of the growth in the manufacturing sector appears to have succumbed to continuing global economic uncertainty.

Latest figures from the Society of Motor Manufacturers and Traders shows production fell 6.7% in October to 150,060 units, leaving year-to-date volumes down 0.3%.

The SMMT said global economic uncertainty was affecting demand. However, stressing the positive, it added that the outlook was still good with all-time record production levels expected within the next few years.

Around 80% of UK-built cars are exported, with the diverse product mix giving a 50/50 split between EU and non-EU exports.

Mike Hawes, SMMT Chief Executive, said: “The UK’s car manufacturing industry is still in a strong position in spite of the growing uncertainty surrounding the global economy.

“Billions of pounds have been invested into UK facilities in the past two years, with several new models starting production this year and more in the pipeline. There is still demand for UK-built products given their reputation for quality, design and engineering excellence.”