UK automotive manufacturing grew for the second consecutive month in November, up 5.7% to 80,091 items, in response to the most recent figures revealed at present by the Society of Motor Producers and Merchants (SMMT). The rise means UK automotive manufacturing output has grown in six of the previous seven months demonstrating how, even amid international chip shortages and provide chain constraints, factories are doing their greatest to fulfill demand for brand new automobiles at dwelling and abroad.
Regardless of the general rise in output, November’s efficiency was nonetheless down towards historic ranges, -44.1% off the pre-pandemic five-year common for the month and -25.7% off 2019’s complete of 107,744 items. The explanations for this development are many, together with the impression of Covid lockdowns abroad, lately in China, structural and product adjustments, the long-running squeeze on semiconductor provide and wider turmoil ensuing from warfare in Ukraine.
Manufacturing for the house market was up 59.1% to twenty,206 items, an increase of seven,505 automobiles, whereas export volumes fell -5.0% to 59,885, a lack of 3,170. Exports accounted for 74.8% of all automobiles made within the month with the vast majority of shipments (57.3%) heading into the European Union, adopted by the US (21.9%) and China (5.9%).
Persevering with the latest upward development, UK manufacturing of battery electrical (BEV), plug-in hybrid (PHEV) and hybrid (HEV) automobiles rose as soon as once more, with mixed volumes up 18.3% to 29,318 items and representing greater than a 3rd (36.6%) of complete manufacturing in November. Since January, UK producers have turned out 209,930 of those automobiles mixed, up 2.9% on the identical interval in 2021.
Mike Hawes, SMMT Chief Govt, stated,
These figures deliver some Christmas cheer to UK automotive makers in what has been one other extremely robust yr. Provide chain shortages, abroad lockdowns and a few structural and product adjustments have mixed to throttle output for a lot of 2022 however there’s renewed hope these points will start to ease in 2023. This might deliver a much-needed increase to the financial system, nonetheless, to draw the funding wanted for long run development, we nonetheless want stability and extra aggressive situations – not least to alleviate crippling long run power prices.
SOURCE: SMMT
