UK car manufacturing falls by almost 10 per cent amid Brexit fears

UK manufacturing falls by almost 10 per cent in the UK amid Brexit fears

More than 15,000 fewer cars were built in the UK last month amid fears about the uncertainty of Brexit

Car manufacturing fell -9.8% in October according to data published by the Society of Motor Manufacturers and Traders (SMMT). It showed 15,255 fewer units were produced during that month in comparison to 2017.

According to the SMMT uncertainty over Brexit and market turbulence both here and abroad are factors in the decline.

Overseas demand was also down 9.3% last month with exports making up 82.7% of the cars produced.

Meanwhile, production for the UK market also fell by more than 12 per cent in October which is the fifth consecutive month of decline. In total, 24,246 cars heading for UK showrooms.

Mike Hawes, SMMT Chief Executive, said: “The fifth consecutive month of decline for UK car manufacturing is undoubtedly concerning and, while a number of factors have been at play, there is no doubt that business and consumer uncertainty is having a significant impact.

“With eight in 10 British-built cars destined for overseas markets, the majority to the EU, the sector’s dependence on exports cannot be downplayed. Europe is our largest trading partner and securing the right Brexit agreement which allows free and frictionless trade is vital for the future health of our industry.”