UK car production declines 0.8% in February - SMMT

According to the report from Society of Motor Manufacturers and Traders (SMMT), british car manufacturing fell -0.8% in February. Some 122,171 vehicles rolled off production lines in the month, representing a loss of just over 1,000 units compared with February 2019. The decline was driven by slower demand in some key global export markets.

In the month before the coronavirus pandemic started to be felt in the UK, global shipments fell -3.1% to just short of 95,000 units. Although combined EU demand rallied (up +3.6%), exports to the US and Asia fell substantially. Meanwhile, there was positive news for the domestic market, where output rose +7.8%, with 27,172 cars produced. Year-to-date figures show a -1.5% year-on-year drop in overall production.

Mike Hawes, SMMT Chief Executive, said: "Despite the myriad global challenges the UK automotive industry has faced in recent times, it remains fundamentally strong and February's figures reflect that. However, these figures also reflect the calm before the storm. With UK car plants now effectively on national shutdown and many global markets closed, the outlook is of deep concern. We wholeheartedly welcome government's extraordinary package of emergency support for businesses and workers, but this must get through to businesses now. If we're to keep this sector alive and in a position to help Britain get back on its feet, we urgently need funding to be released, additional measures to ease pressure on cashflow and clarity on how employment support measures will work".