UK car production has suffered its latest blow as figures reveal that production in Britain has sunk to a six-year low. The figures mark a 15 percent fall in the number of vehicles rolling out of factories last month.
Production in the UK has declined for nine months running according to recent figures from the Society of Motor Manufacturers and Traders (SMMT).
It’s all too easy to brand the production crash on Brexit however, 8 in 10 of all cars make their way overseas, namely China which has seen exports drop by 72.3% compared with 2018. Notably, the EU has seen a similar reduction in Chinese demand which has hit a 30 year low.
8 in 10 of all cars make their way overseas
Mike Hawes, the SMMT’s chief executive, said: “The industry faces myriad challenges, from falling demand in key markets to escalating global trade tensions and the need to stay at the forefront of future technology.”
With so many manufacturing jobs and businesses at stake, its clear that the UK auto industry as a whole is in danger. These uncertain times and the new dawn of electric vehicles has left many manufacturers in the past. Just look at the figures from Tesla, they don’t have these issues.