UK automotive manufacturing output declined by -20.6% in September, in line with the Society of Motor Producers and Merchants (SMMT), as 70,039 models rolled off manufacturing traces.
The decline was anticipated as factories wind down manufacturing of present fashions and switch their consideration to zero emission automobiles. Round 21,309 electrified fashions had been made in September, representing 30.4% of all automobiles produced regardless of an total quantity decline of -37.0% in opposition to the identical month final yr.
Mike Hawes, SMMT Chief Govt, stated: “As UK Automotive undergoes its most radical transformation in additional than a century, quick time period manufacturing declines had been at all times anticipated, and so they characterize a short lived adjustment in alternate for long run development.
“To do so, we need the necessary industrial and market conditions, and the forthcoming Budget and Industrial Strategy must put in place ambitious measures to bolster business confidence, attract investment and secure competitiveness.”
Output for home and export markets was down -20.8% to 18,614 models and -20.6% to 51,425 models respectively.
A 6.5% rise in output for the UK was not sufficient to offset a -14.4% fall in abroad shipments, total UK automotive manufacturing is down -10.2% to 592,862 models since January. Progress is predicted to return with new fashions.
Regardless of a drop in automotive manufacturing this yr, the sector stays Britain’s largest exporter of manufactured merchandise, rising its share of those exports to 13.9% in H1 2024. The worth of those exports stays excessive, pushed by international demand for UK-made EVs, that are price roughly one and a half instances greater than ICE fashions.
