UK Car Production Grows 9.9% On Foreign Demand
25 Maggio 2023 - 09:55AM
RTTF2
UK car production rose for the third successive month in April,
supported by strong export demand along with continued ease in
global supply chain shortages, particularly with regard to
semiconductors, data from the Society of Motor Manufacturers and
Traders, or SMMT, showed Thursday.
Car production climbed 9.9 percent year-on-year to 66,527 units
in April, driven by a 14.7 percent surge in exports, with more than
8 in 10 UK-made cars heading overseas.
Meanwhile, output for the home market declined notably by 8.3
percent.
Exports claimed 82.4 percent of total production, and the home
market gained 17.6 percent.
The European Union remained by far the most important global
market, taking 58.4 percent of all exports.
Production of hybrid, plug-in hybrid, and battery electric
vehicles, or EVs, jumped 56.2 percent year-on-year in April.
The news comes as the UK and EU automotive sectors face a
looming cliff edge with rules of origin agreed in the UK-EU Trade
and Cooperation Agreement, governing local content for electric
vehicles and batteries, due to get tougher from January 1, 2024,
the SMMT said.
"Most immediately, this means finding a solution to the rules of
origin challenge faced by manufacturers on both sides of the
Channel, else we risk the application of tariffs - and therefore
unnecessary cost - on the very vehicles we are trying to encourage
consumers to purchase," Mike Hawes, SMMT chief executive, said.
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