UK car production dips in May
UK car manufacturing fell by 11.9% to 69,652 units in May, according to the Society of Motor Manufacturers and Traders (SMMT).
Production for the UK market rose by 9.7% to 17,754 units but production for export fell by -17.4% to 51,898 units. However, almost three quarters (74.5%) of all cars built in Britain were exported to global markets, with 52.5% going to the EU.
Electrified vehicle production remained strong at 26,475 units – representing almost two fifths (38%) of all output. This marks a three per cent increase on May 2023.
Just a week before the general election, the SMMT has highlighted key issues for the next government to address in its Vision 2035: Ready to Grow, which it believes can help the sector deliver a cumulative value of more than £290bn of zero emission vehicles by the end of 2035.
Mike Hawes, SMMT chief executive, said:
“Massive change is underway in the UK’s car factories as manufacturers retool for new electric models. Amid strong international competition for green automotive investment, however, the UK needs to ensure it has the most attractive conditions for manufacturing businesses and a compelling offer for existing and new investors. Essential to this is a long-term industrial strategy, which encompasses all industry, all stakeholders and all of government in the pursuit of sustainable and green growth.”
