The Society of Motor Producers and Merchants has known as on the Chancellor to introduce insurance policies to assist stimulate the automobile market within the forthcoming Finances, after UK automobile manufacturing fell 16.eight% yr on yr in September.
In accordance with SMMT knowledge, 25,610 automobiles have been produced on UK manufacturing traces final month, with demand for British-built automobiles falling 19.zero% domestically and by 16.2% in abroad markets.
Whereas the sharp decline for September may be linked to falling gross sales in Europe as a result of new WLTP testing, total UK automobile manufacturing thus far this yr is down 6.6% in contrast with the identical interval final yr, with 1,171,765 automobiles produced. Gross sales of British-built automobiles within the UK have fallen by 18.6% in the identical interval, whereas exports, which account for 951,448 automobiles, have declined by three.three% yr on yr.
SMMT boss Mike Hawes mentioned the figures “spotlight the numerous competing challenges going through UK Automotive”, citing world commerce wars, Brexit and the decline of diesel.
Hawes once more known as for the British Authorities to safe a Brexit settlement that permits for frictionless commerce with the EU, however he mentioned it additionally wanted to advertise stability at dwelling.
Saying stronger UK automobile market “would go an extended strategy to boosting manufacturing output”, Hawes mentioned: “The Chancellor’s Finances [on 29 October] is the proper alternative to stimulate the market, sending shoppers and companies the correct indicators to encourage the acquisition of latest automobiles, which might assist bolster financial efficiency in addition to delivering environmental targets.”
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