UK automobile manufacturing fell -11.8% to 905,223 automobiles in 2024 amid ‘tough economic conditions’ and structural change as factories switched from ICE to EV manufacturing.
The Society of Motor Producers & Merchants (SMMT), which launched the figures, mentioned the newest unbiased manufacturing outlook expects UK automotive and light-weight van manufacturing to be round 839,000 models in 2025 earlier than rising to 930,000 models in 2027. It peaked in 1972 at just under the 2 million mark.
December rounded off 10 consecutive months of decline for British automotive manufacturing, with output down -27.1% to 45,022 models.
Over the 12 months, automotive manufacturing fell -13.9%, with output for the UK market down by -8.0% to 176,019 models, whereas exports declined -15.5% to 603,565 models. CV output grew by 4.0%, its greatest stage since 2008
Mike Hawes, SMMT Chief Govt, mentioned, “Amid vital geopolitical and commerce tensions, UK producers are set on turning billions of kilos of funding into manufacturing actuality, reworking factories to make new electrical automobiles on the market around the globe.
“Rising pains are inevitable, so the drop in volumes final 12 months isn’t a surprise.
“With new, exciting models and battery production on the horizon, the potential for growth is clear. Securing this future, however, requires industrial and trade strategies that deliver the competitive conditions essential for growth amidst an increasingly protectionist global environment.”
