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UK automobile manufacturing rose 14.8% in November, in line with the most recent figures revealed as we speak by the Society of Motor Producers and Merchants (SMMT)
UK automobile manufacturing rose 14.8% in November, in line with the most recent figures revealed as we speak by the Society of Motor Producers and Merchants (SMMT). 91,923 automobiles rolled out of manufacturing facility gates, a rise of 11,832 on November final yr, representing the perfect efficiency for the month since 2020 as provide chain challenges moved firmly into the rear-view mirror.1
Manufacturing for each the house and abroad markets elevated, up 13.4% and 15.2% respectively. 22,919 automobiles stayed within the UK although, as at all times, exports drove volumes. Export progress was pushed primarily by the EU, China and Turkey, though Europe acquired by far the majority (60.8%) of all shipments, reinforcing the necessity for tariff-free electrified car commerce throughout the Channel. Shipments to those markets rose, by 22.4%, 37.3% and 208.8% respectively, offsetting a -21.6% fall in automobiles heading to the US.
UK manufacturing of battery electrical (BEV), plug-in hybrid (PHEV) and hybrid (HEV) automobiles continued its upward trajectory, mixed volumes up 20.0% to 35,169 in November and representing 38.3% of complete manufacturing output. Since January, UK automobile factories have turned out a document 322,577 of those essential automobiles, up 53.7% on the identical interval in 2022, pushing total manufacturing volumes up 119,499 items on 2022, to 843,345 items – already 68,331 items forward of full yr 2022 with December’s figures nonetheless to return.
Mike Hawes, SMMT Chief Govt, mentioned,
UK automobile manufacturing is firmly again on monitor following the powerful Covid years and ensuing provide chain challenges. With vital funding dedicated to UK automotive manufacturing, manufacturing volumes growing and the approaching risk of tariffs on EVs traded with the EU now eliminated by the extension of present guidelines of origin till 2027, there’s renewed confidence within the sector. We now have to see the Anglo-European battery trade construct capability at tempo to satisfy forecast demand.
The information comes forward of the approval of the European Fee’s proposal to increase the present EU-UK commerce guidelines governing EVs and batteries to 2027. Avoiding tariffs on electrified automobiles traded between the 2 markets is important not only for UK and European competitiveness but in addition for the patron. Governments within the EU and UK should now full the formalities and transfer shortly to ratify the settlement earlier than the yr finish.
1: 106,243 automobiles produced November 2020
SOURCE: SMMT
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