The UK’s automobile prolongation attention has posted a third uninterrupted month of descending outlay in August, with a 12.9% decrease compared with a same month in 2017.
A sum 89,254 cars were constructed in a UK in August, compared with 102,438 in Aug 2017. Across a year so far, a prolongation outlay has depressed by 5.2%, definition roughly 57,000 fewer cars have been constructed in a UK opposite a year so far, compared with a same generation final year. This decrease is larger than that for sum automobile registrations in a UK, that has declined by 4.2% for a year so far.
The decrease in prolongation was driven by a pointy dump in internal direct for UK-produced cars of 38.8%, with 16,721 cars built in a UK and being sole here, that represents 17.8% of August’s sum new automobile registrations.
Cars built for trade remained buoyant, with a partially medium 3.8% decrease in August, and 72,983 cars withdrawal a country.
SMMT trainer Mike Hawes pinned a decrease to additional doubt around manufacturers’ summer shutdowns in their prolongation plants, though added: “The quieter summer months are mostly theme to fluctuations due to a non-static timing and generation of annual upkeep and re-tooling shutdowns. This instability was exacerbated in August, with a attention racing to recertify whole indication ranges to accommodate worse [emissions] contrast standards in force on 1 September.
“With exports, a infancy to a EU, stability to expostulate demand, it underscores a significance of a Brexit agreement to guarantee this trade; for the sector, ‘no deal’ is not an option.”