Exports, the destination of more than 80% of UK production, was the biggest hit, taking 94% of the year-on-year decline
UK car production fell in July as car makers battle new, temporary, supply constraints while gearing up for model changeovers, data from the Society of Motor Manufacturers and Traders shows. In July, 10,973 fewer cars rolled off production lines than in the same month last year, a total of 65,478 cars.
Exports, the destination of more than 80% of UK production, was the biggest hit, taking 94% of that year-on-year decline. Of the 52,963 cars exported, the EU took the bulk of, followed by the US , China , Turkey and Japan . Production for the domestic market held level, however, with just a 672-car decline to 12,515. Overall, the UK is 45,067 cars down on what it had produced by July last year. So far in 2024, 481,552 cars have been built. Exports are down 14.3%, with cars for the home market up 14.8%. These figures were expected, according to SMMT chief executive, Mike Hawes. “Following significant growth last year, some readjustment in output was to be expected,” he said. “Indeed, an ongoing degree of volatility is likely as the industry restructures to transition to zero emission vehicle production. “As the billions already committed to new models start to deliver a return, volume growth will resume, providing we seize every opportunity to enhance our global competitiveness.” Hawes used the figures to call on the new government to assist both the industry in its transition to electric cars, and car buyers with incentives towards buying them. He said:”We need investment in skills, healthy markets, cheaper green energy, and fair trade deals that help British-built vehicles reach international customers more easily, all of which should be wrapped in an over-arching industrial strategy that ensures automotive continues to be a key driver of economic growth.”
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