UK business car (CV) manufacturing decreased -1.9% in November, with 8,605 models rolling off manufacturing traces, in accordance with figures revealed in the present day by the Society of Motor Producers and Merchants (SMMT). Whereas output for the home market rose 10.1%, with logistics and CV operators working flat out to satisfy rising demand for on-line deliveries, it did not offset an -8.8% decline in exports, equal to a lack of 490 models, as stricter coronavirus restrictions closed off whole components of key economies.
After manufacturing all however floor to a halt earlier within the 12 months, output for the primary 11 months is now down -16.1% to 59,539 models, with UK factories producing 11,419 fewer buses, coaches, vans, vans and taxis than in the identical month final 12 months. Yr-to-date, this loss comes at round an £825 million value to the UK business car sector.1
94.1% of all business car exports have been destined for EU markets to this point this 12 months, reinforcing the pressing want for negotiators to ship a Brexit deal that ensures free and truthful commerce for producers and helps restore enterprise confidence.
Mike Hawes, SMMT Chief Govt, mentioned,
Whereas rising shopper demand for on-line deliveries has pushed a necessity for brand new autos within the UK, ecommerce alone is just not sufficient to make up the business’s exports shortfall, even within the run-up to the 12 months’s busiest retail interval. A resurgence in coronavirus instances and the growing concern of a ‘no deal’ Brexit as negotiating time runs out are already taking their toll, and we now, urgently, want an settlement with the EU that ensures ongoing zero-tariff commerce so as to permit the sector to get better and get again to long run progress.
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SOURCE: SMMT
