News from Notch Consulting, Inc.

February 24, 2009

UK Vehicle Production Falls 59% in January

Filed under: General — Notch @ 2:57 pm

From ERJ (subscription required) comes confirmation that the dismal European vehicle production figures that characterized the fourth quarter have continued into 2009. Car production in the United Kingdom fell by 58.7% in January (to 61,404 vehicles), while commercial vehicle production was down 59.9% (to 8,351 vehicles), according to figures published by The Society of Motor Manufacturers and Traders (SMMT). A record 83.5% of car output from the UK was allocated for export, a signal that domestic demand remains weak.

According to SMMT’s chief executive, Paul Everitt, “Following extended winter shutdowns, vehicle output continued to fall in January in line with expectations. The extent of the decline highlights the critical need for further government action to deliver the measures already announced and ease access to finance and credit.”

Press release from The Society of Motor Manufacturers and Traders Limited.

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