UK car production rises for third month in a row

UK car production rises for third month in a row

In April, British automakers produced 66,500 cars, up 9.9% from the same period a year earlier, and this is the third month in a row of stable growth after a period of equally stable decline in production. This data is provided by the British Society of Automobile Manufacturers and Traders (SMMT) in the monthly report.

SMMT says manufacturing continues to improve as supply chains recover and semiconductor shortages ease. It is these two problems that have caused UK car production to drop to lowest level since 1956, or 9.8% compared to 2021. Compared to the pre-pandemic 2019, the decrease in 2022 was 40.5%.

The share of cars with hybrid or only electric motors from the total number produced in Britain in April was 37.7%. A total of 112.3 thousand such cars were produced, which is 56.2% more than a year earlier. Of those cars that were produced in April, 54.8 thousand, or 82.4%, were exported.

Thus, the volume of exports increased by 14.7%. The European Union remains the main market for British automotive products, accounting for 58.4% of UK car exports. In addition, the volume of exports to the USA and Australia increased by 36.2% and 226.8%, respectively. Exports to China decreased by 3.6%.

Alena Miklashevskaya

Source link