Society of Motor Manufacturers and Traders (SMMT) data for October (via Reuters)
British car production rose by an annual 3.5 percent
- exports +5 percent
- domestic demand -2.9 percent
SMMT Chief Executive Mike Hawes
- "It's encouraging to see positive growth in exports this month and a slight increase in overall output"
- But it remained a concern that domestic sales, on course to fall this year for the first time since 2011, had been hit by weak consumer confidence
More via Reuters as background:
- Last year, UK production reached a 17-year high of 1.72 million cars
- SMMT said output would now only marginally rise to 1.73 million this year, according to an independent report it had commissioned, held back by model changes and falling domestic demand.
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If I'm reading that right, last year was a 17 year high and this year its going to be even higher. Not too shabby at all.