UK car production falls for fifth straight month as factories switch to electric cars
Delay: Jaguar vehicles roll off production line at Castle Bromwich
British car production has fallen for the fifth month in a row as factories switch to electric vehicles.
In July, figures for the sector were published, showing a decline of 14.4 percent year-on-year.
According to the Society of Motor Manufacturers and Traders (SMMT), the decline is mainly due to ‘model changes and temporary supply problems’.
Year-to-date vehicle production volumes are down 8.6 percent compared to 2023. The SMMT has cut its full-year forecast, predicting that 2024 production will be below 1 million.
Production for the UK fell by 5.1 percent, while export volumes fell by 16.3 percent.
The total production was estimated to be worth more than £20 billion – an increase in value.
The average ‘factory price’ of a car has risen from £38,200 in 2023 to £41,800 this year.
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