Automobile industry

UK car production drops 33.8% in the first 10 months of 2020 From SMMT

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The following is the UK car production drops 33.8% in the first 10 months of 2020 From SMMT recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

British car production fell 18.2% in October, with 110179 vehicles leaving the factory.

Weak demand in the European Union and the US led to a 19.1% decline in exports as the output of British buyers also fell.

Year to date production is down 33.8%, down 379308 vehicles compared to the same period in 2019.

The auto industry is calling for an urgent brexit deal, quick sharing of details and enough time to implement the deal to help companies prepare.

According to the latest data released by the association of automobile manufacturers and traders (SMMT), British car manufacturing output fell by 18.2% in October, with only 110179 vehicles leaving the factory. This means that 24490 fewer cars were manufactured than in the same month of 2019, due to the impact of the coronavirus and the new ban on weak overseas demand in many major markets at home and abroad.

The decline in British car production in October was mainly due to the decline in exports, especially to the European Union and the United States, with an overall decline of 19.1%, equivalent to the loss of 21569 vehicles. Exports to the United States fell by 26.0% and to the European Union by 25.7%. Asia’s major markets performed better, with exports to Japan and China up 57.1% and 9.7%, respectively, reflecting the easing of the blockade, but this was not enough to offset losses elsewhere. Production in the domestic market also fell 13.6% to 18629 vehicles, down 2921 vehicles for domestic consumers in the UK compared with the same period last year.

October’s performance ended an extremely difficult 10 months for UK car makers and suppliers. Since January, UK car production has fallen by 33.8% to 743003 vehicles, 379308 units less than the same period last year, with a loss of about 10.4 billion pounds.

Auto Industry Association of China: from January to September 2020, China’s cumulative production of automobiles will be 16.957 million, down 6.7% year on year. CAAC: in July 2020, the production and sales of automobiles will reach 2.201 million and 2.12 million respectively, with a year-on-year increase of 21.9% and 16.4% respectively. China Automobile Industry Association: Sales of new cars from January to November 2019 will be 23.11 million, with a year-on-year decrease of 9.1% 5.9% month on month increase anfavea: in the first half of 2020, Brazil’s car production dropped by 50.5% SMMT: in June 2020, the number of new car registrations in the UK decreased by 34.9% SMMT: in July 2020, the number of new car sales in the UK was 174887, with a year-on-year increase of 11.3% SMMT: the number of new car registrations in the UK decreased by 5% in August 2020 SMMT: the number of new car registrations in the UK decreased by 4.4% in September 2020 SMMT: in May 2020, the British car production was only 5314 China Association of automobile industry: in 2019, the sales of new energy vehicles in China were 1.206 million, down 4% year on year. Ministry of industry and information technology: in June 2015, the production of new energy vehicles reached 25000 SMMT: in 2019, the number of registered electric vehicles in the UK was nearly 40000 SMMT: in August 2019, Tesla model was one of the best-selling models in the UK. SMMT: in 2017, the sales of new vehicles in the UK was 2.54 million, down 5.7% year on year

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