• UK car manufacturing plummets in April

Market news

30 May 2019

UK car manufacturing plummets in April

According to the report from Society of Motor Manufacturers and Traders (SMMT), British car manufacturing output plummeted by almost half in April.

70,971 cars rolled off production lines in the month, down -44.5% year on year as factory shutdowns, rescheduled to mitigate against the expected uncertainty of a 29 March Brexit, took effect in many plants across the UK.

Manufacturing for domestic and overseas markets fell -43.7% and -44.7% respectively as most volume manufacturers brought forward, and extended, production stoppages normally scheduled for the summer holiday period.

April’s dismal performance, the 11th straight month of decline, exacerbated the underlying downward trend, due largely to slowing demand in key international markets, including the EU, China and the US, as well as at home.

In the year to date, 127,240 fewer cars have been built compared with the same period in 2018 – a decline of more than a fifth (-22.4%) – with similarly large percentage falls in production for the UK and export.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.