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InstaForex - Official partner of Dragon Racing

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2014.10.2301:38:00UTC+00U.K. Car Production Falls In September: SMMT

U.K. car production declined in September due to a planned re-tooling for model changes, the Society of Motor Manufacturers and Traders said Thursday.

However, car manufacturing recorded its best year-to-date performance since 2008, the industry body said.

Output totaling 137,068 units in September was down 2.8 percent from a year ago. Car production for home market surged 17.7 percent, while that for exports dipped 8.1 percent.

At the same time, the year-to-date production gained 0.6 percent to 1.13 million.

"It is testament to the strength of the automotive industry that it continues to break records - yielding the best year-to-date performance for six years and comfortably surpassing one million units," said Mike Hawes, SMMT chief executive.

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