UK car exports decline for eighth month running as China and EU demand drops
The UK car production industry experienced its eighth month of decline in January as exports to China fell by 72 per cent and EU exports by 20 per cent.
Figures from the Society of Motor Manufacturers and Traders (SMMT) showed a decrease in the export of British-made vehicles across international markets, as well as a slump in domestic demand.
According to the SMMT production has also fallen during the first month of 2019, with over 26,000 fewer vehicles being made in UK plants.
The decline is being attributed to the discontinuation of older vehicles, as well as changes in models.
SMMT chief executive Mike Hawes stated: “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.”
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