Car production in the UK fell by 16.5 per cent year-on-year in November, with figures from the Motor Manufacturers and Traders (SMMT) showing that 107,753 units were manufactured during the month. Output for home and overseas markets declined 26.6 per cent and 14.2 per cent respectively.
UK car manufacturing output fell -4.0 per cent in October, with 134,752 units rolling off production lines, 5,622 fewer than October 2018, new Society of Motor Manufacturers and Traders (SMMT) figures show. British car production has now fallen in 16 of the last 17 months, with August the outlier. ‘No deal’ Brexit contingency shutdowns earlier in the year artificially boosted output that month.
With fewer than 20 days to go before the UK is due to leave the EU, the British automotive industry is urging an end to talk of ‘no deal’ and for all sides to focus energies on an orderly withdrawal to safeguard jobs and the sector’s long-term survival. The call comes as the Society of Motor Manufacturers and Traders (SMMT) publishes the results of a new survey revealing the escalating fears of an industry dependent on free and frictionless trade with the EU.
Another blow on the automotive industry’s chin as we inch closer towards a no-deal Brexit. The Society of Motor Manufacturers and Traders (SMMT) has released its latest UK manufacturing figures, and they make a depressing read. British car manufacturing output fell by more than a fifth in the first half of 2019, while commercial vehicle production was down more than 16 per cent and engine production almost 11 per cent. KPMG considers these numbers “worrying.”
British car manufacturing output -44.5 per cent in April, according to figures published by the Society of Motor Manufacturers and Traders (SMMT). Just 70,971 cars rolled off production lines during the month as factory shutdowns, rescheduled to mitigate against the expected uncertainty of a 29 March Brexit, took effect in many plants across the UK.
UK car manufacturing output plummeted in April, with figures published by the Society of Motor Manufacturers and Traders (SMMT) showing it was down -44.5 per cent year-on-year. 70,971 cars rolled off production lines in the month, as factory shutdowns, rescheduled to mitigate against the expected uncertainty of a 29 March Brexit, took effect in many plants across the UK.
Honda has confirmed that it will be closing its Swindon plant in 2021. The closure will cause the loss of 3,500 jobs. Honda says that it has reached the conclusion that no viable alternatives to the proposed closure of the Swindon plant have been identified.
Honda is closing its Swindon plant, which built 160,000 Honda Civics last year; Nissan has reversed its decision to build the new X-Trail SUV in Sunderland; and The Society of Motor Manufacturers and Traders (SMMT) warned in January that the car industry in the UK is on ‘red alert’, rocked by a five year low in production.
Justin Benson, head of automotive at KPMG UK, comments on the latest SMMT car manufacturing figures, which saw a 9.1 per cent fall in 2018.
The Society of Motor Manufacturers and Traders (SMMT) has introduced a new two-day conference aimed at improving quality across the automotive supply chain. The inaugural Automotive Quality Management Systems (AQMS) Conference is the first event of its kind in Britain, taking place at the NEC, Birmingham, on 20 and 21 November 2018.
The Society of Motor Manufacturers and Traders has announced a -4.4 per cent decline in British car manufacturing, as production for the home market fell by double figures. Exports declined in the month too, but only by -0.8 per cent, with 117,139 vehicles shipped overseas, accounting for more than 80 per cent of output.
A report from credit agency Moody’s, featured in the Financial Mail on Sunday, predicts that car sales in the UK in 2018 will be the worst in Europe with sales of new cars expected to fall by -5.5 per cent.
British car manufacturing rose 7.8 per cent in July, with 136,397 new units rolling off UK production lines, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Major carmakers ramped up production for new and existing models in the month ahead of summer factory shutdowns, which provide an essential period for plant maintenance, upgrades and re-tooling.
KPMG says UK car manufacturers’ increasing production comes as a result of a period of investment running to “billions of pounds.” Simon Heath, automotive M&A specialist for KPMG in the UK commented on the SMMT car production figures that were up 7.3 per cent in March 2017.
At the start of the year, the British car industry revelled in optimism that an all-time vehicle production record would be achieved by 2020 in the UK. The 900,000 cars rolling off the UK’s production lines in the first half 2016 – a sixteen-year high and 13 per cent up on the same portion of 2015 – gave more reason to be hailing this new dawn, and while a significant measure of doubt was added by Brexit, the figures suggest that the growth has come with premiumisation and a sustained boom in SUV manufacturing. High-end marques such as Range Rover drive this new demand and have made the UK Europe’s second biggest premium car producer. In 2010, the premium sector accounted for just 34 per cent of UK production; should trends continue, by 2020 this figure is expected to hit 54 per cent, with SUV and 4×4 models a big part of this.
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