U.K. car output off 9.8% in May.
U.K. new-car production fell 9.8% in May to 116,655 units as a result of days lost to spring shutdown at some plants, but the year-to-date output remained positive, rising 3.5% to 654,895 units. The Society of Motor Manufacturers and Traders says the demand for new cars in the European Union continued to grow, with May marking nine consecutive monthly increases. SMMT CEO Mike Hawes is not fazed by the May drop. “The prospects for the coming months and years, however, are still bright; ...
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