Society of Motor makers and Traders (SMMT) GB vehicle production information for July 2019
cars created in GB fall eighteen.9% y/y
SMMT aforesaid the decline in export orders was "primarily responsible"
overseas shipments -20.2% since Jan
production for the united kingdom YTD -13.5%
SMMT comments:
decline thanks to associate "ongoing weakness in major EU and Asian markets not to mention some key model changes"
escalating trade tensions
softening demand
significant technological modification
UK market additionally weak
we need a Brexit deal - and quickly - to unlock investment and safeguard the long run way forward for a sector that has recently been such a global success story
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