UK engine manufacturing decreases
November has seen a 14.2% decline in UK engine production as manufacturers respond to market changes, according to research from the Society of Motor Manufacturers and Traders (SMMT.)
The research also shows that exports hold steady with a 0.7 per cent increase, while domestic demand drops by 30.5%. According to the SMMT, year-to-date volumes have passes 2.5 million, maintaining year-on-year levels with a 0.8 per cent increase.
Mike Hawes, SMMT chief executive, said, ‘November’s figures are the result of a range of factors, as manufacturers continue to respond to regulatory changes and adapt to model and technology changes as well as market demand. In the longer term, an ambitious Brexit deal with the European Union would make for a more positive outlook as the UK automotive sector depends on the stability provided by free and frictionless access to the European Union, our biggest market.’