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UK car production returns to growth – but still below pre-COVID levels | Business News



UK car production has returned to growth, although still far below pre-pandemic levels, said the Association of Automobile Manufacturers and Traders.

About 69,524 cars were produced in October, up 7.4% year-on-year.

The SMMT said September saw a drop in volume, after four straight months of growth, suggesting supply chain problems – particularly global chip shortages – have affected the markets. like British car manufacturers.

Chips are an important part of modern car manufacturing, with each car typically having between 1,500 and 3,000.

Read more:
Without these chips we’re in big trouble – and Britain has no strategy

More than eight out of every 10 cars are made for export, with more than half of that headed to the EU, in addition to the US, Japan, South Korea, Australia and Turkey.

Mike Hawes, SMMT chief executive, said: “The return to growth in UK car production in October is welcome – although output is still significantly down from pre-COVID levels amid the backdrop of the pandemic. The supply of components is chaotic.

“Getting the industry back on track by 2023 is a top priority, given the jobs, exports and economic contribution the auto industry maintains.

“UK carmakers are doing all they can to ramp up production of the latest electrified vehicles and help deliver net zero, but more favorable conditions for investment. is needed and urgently needed – especially in terms of affordable and sustainable energy and available talent – as part of a supporting framework for automotive manufacturing.”

UK production of battery electric vehicles (BEVs), plug-in hybrids (PHEVs) and hybrids (HEVs) also increased, with total volumes up 20.3% to 24,115 units.

Up to now, UK car factories have produced a record 61,339 BEVs – an increase of 16.2% compared to the same period in 2021.

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