UK car exports rise for 15th consecutive month

London – The monthly volume of cars built in the UK for overseas markets rose 1.7% in October, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).

However, overall UK car manufacturing dipped 1% year-on-year in October, ending a 14-month run of growth for the industry

In all, 122,765 cars exported.

There were a total of 151,795 cars built in October, down from 153,283 in the same period last year.

SMMT chief executive Mike Hawes, said: “October's figures underline the export-led nature of the industry, with eight out of 10 cars built for overseas customers. Despite model changes which have ended the consistent growth pattern of the past year or so, we are still on track for a record number of exports.

“Given this dependence on global trade, it is crucial that British-built cars remain attractive to international buyers and exports are not subject to additional tariffs, costs and other barriers to successful trade.

"It is also essential government ensures there is economic stability and a competitive business environment to ensure we continue to attract the global investment that is behind this performance.”