Demand for new UK-made cars drops

 

Over the past year, demand for UK-made cars has fallen by a massive 11%. It's the first time it's been this low in 14 months.

Along with several other manufacturers in the UK, demand has fallen for cars built by Nissan, Toyota, Bentley and Aston Martin, figures have shown.

The drop in assembly-line output in October 2016 to 29,000 (down 3,500 compared to the same time last year) means there's been an overall drop in output from British car factories of one per cent. This marks the first time the UK's monthly car production has dropped since summer last year.

Toyota and Nissan have both seen a dip in UK sales (by two and three per cent respectively), and both of these Japanese manufacturers have major production facilities in the north of England. Luxury car maker Aston Martin has seen an even larger drop of 12 per cent year-on-year.

Head of UK automotive financing at Lloyds Bank, Stuart Apperley, was unsurprised by these numbers but said, “What will be interesting is to see if this continued fall in domestic demand becomes a trend.” If it does, the UK will depend heavily on the strength of its export markets.

Chief executive at the Society of Motor Manufacturers and Traders, Mike Hawes, believes that the UK is still on track for a record number of exports, and said that “Given this dependence on global trade, it is crucial that British-built cars remain attractive to international buyers and exports are not subject to...barriers to successful trade.”

Are you currently in the market for a new car? See how our quick and easy to use car selling app can help you to get more money for your car!