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2017.10.2600:50:00UTC+00UK Car Production Falls On Weak Domestic Demand: SMMT

UK car production declined in September largely on weak domestic demand, the Society of Motor Manufacturers and Traders (SMMT) said Thursday.

Car production decreased 4.1 percent in September from a year ago, which was the fifth decline this year.

Production totaled 153,224 units in September. Domestic demand slumped 14.2 percent and production for exports decreased 1.1 percent.

Consequently, production during January to September period slid 2.2 percent to 1.26 million.

With UK car manufacturing falling for a fifth month this year, it's clear that declining consumer and business confidence is affecting domestic demand and hence production volumes, SMMT Chief Executive Mike Hawes, said.

"Brexit is the greatest challenge of our times and yet we still don't have any clarity on what our future relationship with our biggest trading partner will look like, nor detail of the transitional deal being sought," he said.

Leaving the EU with no deal would be the worst outcome for the auto sector, Hawes added.

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