UK: September auto production slides 3% image

Last month Great Britain’s car output went down almost 3% year-over-year because factories were prepared to introduce new models, according to the Society of Motor Manufacturers and Traders (SMMT), the British auto industry body.

The SMMT also said that although car output fell slightly in September, the UK’s auto industry is still forecasted to reach its highest level since 2008, at the dawn of the latest economic crisis.

SMMT chief executive Mike Hawes said “the continued investment by the sector into new models means figures took a slight dip, but it is these same new models which will help increase production volumes in the future.” For example Japanese automaker Honda – last year responsible for 10% of the 1.5 million cars produced in the UK – has affected plant output as it changed from 2014 Civic hatchback and CR-V Sports Utility models to updated 2015 versions.

During the first nine months of the year, British car factories churned out the production lines 1.13 million vehicles, the highest level since the financial crash and growing sales have helped push demand for these production levels. According to a SMMT prediction, UK’s production output could be greater than 2 million units in 2017, a new record (the previous one was established back in 1972, at 1.92 million).

Via Reuters