UK car exports are booming - but Brexit Britain slumps

Doubts over the economy hit the car industry last month – with a 10.6% slump in the number of British-built cars sold within the UK compared to the same time last year.

That’s according to production figures released this morning by the Society of Motor Manufacturers and Traders (SMMT), which reveal that this dip was offset by the number of cars being exported worldwide.

The number of exports increased by 5.0% – up to 123,119 in September 2016, contributing to a year-to-date total of more than one million (up 12.2% compared to 2015).

This puts added pressure on the UK Government to negotiate a fair trade deal between the UK and Europe when article 50 is triggered by Theresa May.

“British-built cars are in demand across the world as demonstrated by the double digit growth in exports this year, resulting in more than a million cars produced for international markets,” explains SMMT chief executive Mike Hawes.

“The vast majority of cars manufactured here in the UK are destined for abroad and future growth will depend on securing our international competitiveness and the barrier-free access to major global markets that has enabled UK Automotive to thrive.”

The SMMT recently revealed that the number of private buyers registering new cars dropped by 1.7% in the plate-change month of September.

UK car exports are booming - but Brexit Britain slumps