UK car production limps to an 18% decline in January

British new car production has again nosedived in the latest blow for the UK automotive industry.

Outputs in January fell 18.2 percent – the eighth successive month of declines, official figures show.

The Society of Motor Manufacturers blamed the slump on model changes and weaker new-vehicle demand both in Britain and major export markets – the latter of which accounts for 80 per cent of all cars made in the UK.

Declining demand from overseas markets has had a huge impact on British car production. Some four in five new cars built in the UK are exported