19 Dec UK sector cautions over impact of ‘Made in EU’ conditions.
UK vehicle production fell by -14.3% in November with 65,932 units leaving factory lines, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The decline was driven by a slight reduction in car output, down -1.7% to 63,126 units, and a much steeper -78.0% drop in commercial vehicle (CV) output, with just 2,806 units produced – 9,943 fewer than in the same month last year.
Overall car production for the UK market rose by 46.9% to 14,589 units, while output for export declined -10.6% as shipments to the top five export markets – the EU, US, Türkiye, China and Japan – all fell. In total, 48,537 cars were produced for global markets, representing more than three quarters (76.9%) of total output.
The news came in a mixed week for the sector, with the start of next generation volume electric car production in Sunderland contrasting with the European Commission’s plans to tie new additional flexibilities on CO2 targets and public subsidies for the greening of corporate fleets to cars and vans ‘made in the EU’. The proposal by the EU to permit a greater range of technologies beyond 2035 will put the UK out of step with its biggest market and biggest source of vehicles. We need to avoid unnecessary complexity and uncertainty for businesses considering investment decisions in the UK. Related News
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