The UK has produced over 157,000 cars in October. Over 3% more than the same time last year according to the Society of Motor Manufacturers and Traders (SMMT)
Exports were up by 5%, but domestic demand has fallen by 2.9%. The fall in the domestic new car market is blamed on lower business and consumer confidence. As well as confusion over government policies towards diesel vehicles, new diesel transactions are nearly down by 30%.
More than 4 out of 5 UK built cars were shipped abroad last month. The highest proportion this year, with most going to countries in Europe.
Mike Hawes, the SMMT’s chief executive said ‘Its important that confidence is restored to the Uk 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.’