LONDON, Dec 23 (Reuters) – British automobile manufacturing fell solely barely in November however output is down by nearly a 3rd up to now in 2020 as a result of COVID-19 restrictions and the method of a potential Brexit shock on the finish of this month, an business physique mentioned.
Manufacturing fell year-on-year by 1.4% final month to 106,243 autos however the comparability was flattered by a weak November 2019 when some vegetation had been closed as a result of Brexit considerations, the Society of Motor Producers and Merchants mentioned.
Yr-to-date manufacturing up to now in 2020 was down 31%.
“One more decline for UK automobile manufacturing is after all regarding, however not almost as regarding because the New Yr nightmare going through the automotive business if we don’t get a Brexit deal that works for the sector,” SMMT Chief Govt Mike Hawes mentioned.
Even when London and Brussels strike a commerce deal to keep away from commerce tariffs earlier than a Dec. 31 deadline, it’s nearly not possible for automotive companies to be prepared, the SMMT mentioned.
Versatile rules-of-origin thresholds for hybrid autos and batteries, and a phase-in interval to permit provide chains to adapt could be wanted as a part of any settlement, in addition to a 12-month grace interval for provider declarations on either side, it mentioned. (Writing by William Schomberg; modifying by William James)