Thursday, 23 November 2017

UK car production rises by 3.5% in October

The number of cars built in the UK last month rose by 3.5% compared with a year earlier, driven by higher exports.

Just over 157,000 vehicles were made in UK factories in October, according to the Society of Motor Manufacturers and Traders (SMMT).

Production for export increased by 5%.

But output for the domestic market fell by 2.9%, as a result of "lower business and consumer confidence", combined with "confusion over government's diesel policies", the SMMT said.

In Wednesday's Budget, the chancellor announced that new diesel cars that do not meet latest emissions standards would face a one-off tax increase in April.
The increase will be levied on all diesels that do not meet the Real Driving Emissions Step 2 standards on emissions for the first year of ownership. This is expected to affect most new diesel cars.

BBC      News.