UK car production rose 14.6% in February
London, 03 April 2024, (Oilandgaspress): – UK car production rose again in February, up 14.6% to 79,907 units, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). It was the sixth consecutive month of growth and best February performance since 2021,1 with nearly all volume manufacturers posting uplifts, driven by output for the domestic market which grew 58.0% to 20,658 units, an increase of 7,585.
Volumes for export, meanwhile, rose 4.6% to 59,249, representing a rise of 2,615 units, with three quarters (74.1%) of all cars made in the month shipped overseas. The European Union received by far the largest proportion of exports (59.9%) followed by the US (14.8%), China (7.1%), Australia (3.3%) and Turkey (2.3%). Volumes to all these markets apart from Turkey (-20.3%) rose, led by the US up 95.6%.
Production of electrified vehicles (battery electric, plug-in hybrid and hybrid) maintained its recent level, representing more than a third (36.3%) of all output in the month. Factories turned out a combined 29,038 units, up 6.0% on the year before, and with two thirds (67.3%) of these models built for export evidence of the need to ramp up UK battery production and electric vehicle supply chain capabilities.
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