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UK car production falls for sixth straight month in August

by Riah Marton
in Technology
UK car production falls for sixth straight month in August
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BRITISH car productions fell for the sixth consecutive month in August, a traditionally lower output month affected by summer shutdowns and factories prepping to switch to newer models, industry data showed on Thursday.

A total of 41,271 new cars rolled off production lines, down 8.4 per cent from last year, the Society of Motor Manufacturers and Traders (SMMT) said.

EV production, which includes battery electric, plug-in hybrid and hybrid models, also dropped in the month, dragging its total share of output to 29.6 per cent from 37.5 per cent in July.

However, the industry body expects the decline to be reversed in the longer term as new models come on stream.

“The sector remains optimistic about a return to growth however, with record levels of investment announced last year,” SMMT CEO Mike Hawes said.

The Autumn budget on Oct 30 and the government’s proposed Industrial Strategy, targeting productivity through industrial and infrastructure investments, will be key in upholding the competitiveness of the UK auto industry, Hawkes added.

UK car production is down 8.5 per cent at 522,823 units to date this year, SMMT said. REUTERS

Tags: AugustCarFallsMonthProductionSixthstraight
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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