U.K. Car Manufacturing Fell 3.3% in First Six Months of 2018

U.K. car manufacturing fell by 3.3 percent in the first half of 2018, as a drop in production for the home U.K. market more than offset increased shipments to locations including Japan and South Korea.

The results show the the importance of tariff-free trade as Brexit approaches, said Michael Hawes, chief executive officer of the Society of Motor Manufacturers and Traders. More than eight out of every 10 cars built in the U.K. are sent abroad, while more than two thirds of cars registered in the U.K. during first six months of the year came from the EU.