(MENAFN) According to a British industry source, the country's car production will remain flat by year-end on a drop in exports due to weak foreign demand which fell in November, Oman Observer reported.
Overall output declined on-year by 0.2 percent last month to 137,348 units, while exports, which account for four in five of all British-built models made, were down 6 percent, whereas domestic demand rose by nearly a third.
November's drop, the fourth month in a row that output has failed to match last year's equivalent figures, leaves British car production down 0.3 percent in the January-November period of the year.
"Model changes and economic uncertainty in export markets have flattened UK car production, but the industry remains in a strong position" the Society of Motor Manufacturers and Traders (SMMT) said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.