Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

UK carmakers hit by crash in demand

byCT Report
28/12/2017
in Uncategorized
Share on FacebookShare on Twitter

LONDON: Car production at British factories has fallen to an 18-month low after deliveries to the domestic market collapsed by more than 28 per cent.

Latest industry figures report a 4.6 per cent decline in the number of cars rolling off assembly lines in November to 161,479, taking annualised output to 1.69 million.

You might also like

Pakistan SMEs can get up to Rs150,000 grant to join Alibaba; here’s how to apply

31/10/2026

Meat industry leaders urge authorities to establish modern slaughterhouse in Islamabad

31/10/2026

The Society of Motor Manufacturers and Traders (SMMT), the industry body that collated the figures, said demand for new cars in the UK had been hit by weaker consumer confidence related to Brexit and heavy losses in diesel sales, falling at a rate of 30 per cent, according to recent data. The trade association represents more than 700 companies in the UK and its figures are seen as a key indicator of the economy’s health. Britain is the fourth largest producer of cars in Europe behind Germany, France and Spain. Only 15 per cent of UK cars built in November — 24,276, down from 33,745 in the same month last year — stayed in the home market, indicating rising nervousness among buyers. Motorists have been rejecting diesel cars for environmental reasons.

Jaguar Land Rover, Britain’s leading carmaker, whose investment in new diesel technology led it to build a £500 million engine factory near Wolverhampton four years ago, has been particularly affected by the change. The other biggest carmakers in the UK are Nissan, which makes the bestselling Qashqai in Sunderland, and BMW, which assembles the Mini at the Cowley plant in Oxford. Those three manufacturers account for nearly three quarters of all British car production.

About 170,000 workers are employed in car factories or their supply chains in the UK. It is thought that more than 800,000 jobs are dependent on the automotive sector as a whole.

“Brexit uncertainty, coupled with confusion over diesel taxation and air quality plans, continues to impact domestic demand for new cars, and with it, production output,” Mike Hawes, the SMMT’s chief executive, said.

The SMMT has been sharply critical of the government’s “demonisation of diesel”. Mr Hawes recently accused ministers of being “hellbent” on destroying the reputation of Britain’s carmakers, such as Jaguar Land Rover, which have been at the forefront of producing the cleanest, greenest diesel engines in automotive history.

Government attacks on diesel have particularly affected Jaguar’s sales of its Solihull-built XE, a mid-sized executive car, which the company expected to be a bestseller that would take on models popular with the British public such as the German-built BMW 3 series.

There was some good news, the SMMT insisted. The latest figures show that exports are holding up, flat in the year so far at 1.25 million. “This only reinforces how overseas demand remains the driving force for UK car manufacturing,” Mr Hawes said. “Clarity on the nature of our future overseas trading relationships, including details on transition arrangements with the EU, is vital for future growth and success.”

The EU takes more than 50 per cent of UK car exports, with factories such as the Japanese plants of Nissan, Toyota in Derbyshire and Honda in Swindon specifically located in Britain to produce cars for mainland Europe.

The UK’s biggest export markets are the US at nearly 15 per cent, Germany at 8.6 per cent, France and Italy at about 7 per cent each and China, where heritage marques such as Rolls-Royce and Bentley are popular, at 6.5 per cent.

Related Stories

Pakistan SMEs can get up to Rs150,000 grant to join Alibaba; here’s how to apply

byCT Report
31/10/2026

LAHORE: Pakistani small and medium-sized businesses have a new opportunity to enter international markets through e-commerce giant Alibaba.com, with the...

Meat industry leaders urge authorities to establish modern slaughterhouse in Islamabad

byCT Report
31/10/2026

ISLAMABAD: President of the All Pakistan Jamiat-ul-Quresh Meat Welfare Association and a member of the Livestock and Dairy Development Board,...

OGRA increases RLNG prices by up to 15.3pc in October

byCT Report
31/10/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased regasified liquefied natural gas (RLNG) prices by up to 15.3%...

FBR misses October tax target by wide margin

byCT Report
31/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has fallen short of its October 2026 tax collection target, collecting Rs975 billion...

Next Post

Istanbul police confiscate over 9 tons of drugs in 2017

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.