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UK automotive manufacturing surged in July, rising 31.6% to mark the sixth consecutive month of progress, in line with the most recent figures printed at this time by the Society of Motor Producers and Merchants (SMMT)
UK automotive manufacturing surged in July, rising 31.6% to mark the sixth consecutive month of progress, in line with the most recent figures printed at this time by the Society of Motor Producers and Merchants (SMMT). 76,451 models rolled off manufacturing unit traces as UK automotive makers continued their restoration from latest difficulties, notably world chip shortages, to ship the most recent fashions to patrons at dwelling and abroad. Regardless of this progress, nonetheless, output remained -29.4% decrease than pre-pandemic July 2019.1
Manufacturing output for the UK rose 13.7% to 13,187 models within the month whereas exports elevated greater than a 3rd (36.1%) to 63,264 models, representing by far the majority of all manufacturing in July. Greater than eight-in-ten (82.8%) automobiles made had been shipped abroad, with the highest vacation spot markets being the EU, US, China, Japan and Australia. Mixed they accounted for nearly 85% of all UK automotive exports final month.
Manufacturing of the most recent, high-tech hybrid electrical (HEV), plug-in hybrid (PHEV) and battery electrical automobiles (BEVs) continued apace, with mixed volumes rising 73.9% to 30,180 models and representing virtually two in each 5 (39.5%) automobiles made in July. Since January, UK automotive makers have now turned out greater than 200,000 of those automobiles, virtually double the quantity produced in the identical interval final yr, and a complete of 526,619 automobiles total, a rise of 14.2% year-on-year.2
Mike Hawes, SMMT Chief Government, stated,
Six months of progress exhibits that British automotive manufacturing is recovering and, with electrified fashions more and more driving volumes, the longer term is extra optimistic. Latest funding bulletins have undoubtedly bolstered the sector however world competitors stays powerful. If we’re to draw additional funding and produce the subsequent era of zero emission fashions and applied sciences, we want a coherent technique that builds on our strengths and helps all points of superior automotive manufacturing.
The figures come after publication of the most recent impartial manufacturing outlook, which suggests whole UK automotive manufacturing will attain round 860,000 models this yr, an uplift of 10.9% on 2022, because the sector recovers from three powerful Covid years, with the chance to get manufacturing again to the million mark in 2028.
SOURCE: SMMT
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