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UK industrial car (CV) manufacturing dipped in September, down -5.2% yr on yr, in keeping with the most recent figures revealed right now by the Society of Motor Producers and Merchants (SMMT)
UK industrial car (CV) manufacturing dipped in September, down -5.2% yr on yr, in keeping with the most recent figures revealed right now by the Society of Motor Producers and Merchants (SMMT). 11,352 vans, buses, vans, coaches and taxis rolled out of manufacturing facility gates, with the autumn set towards a very robust September final yr, which was one of the best since 2011.1 Regardless of this, and in an indication of the continued enchancment of CV manufacturing, September 2023 was nonetheless 54.2% up on 2019’s pre-Covid 7,363 models.
With a ten.3% enhance in orders from UK consumers, 5,124 models have been produced for home supply. Whereas exports fell -15.1% to six,228 models, they nonetheless represented greater than half (54.9%) of all September output. Persevering with the long-term pattern, 95.7% of all exports headed into the EU, reinforcing the necessity for tariff free automotive commerce throughout the Channel.
Regardless of September’s decline, year-to-date UK CV manufacturing is buoyant, rising 11.4% to 85,540 models – 61.1% above the identical interval in 2019 and representing one of the best first 9 months since 2011.2 Exports have pushed the expansion, up 16.9% to 53,017 models. They account for greater than six-in-10 CVs made to date this yr (62.0%), though manufacturing for the UK can be up, by a extra modest 3.4%, to 32,523 models.
Mike Hawes, SMMT Chief Govt, mentioned,
Regardless of a fall in September, UK CV manufacturing is displaying robust restoration following the pandemic and subsequent provide shortages that bedevilled factories for months. Strong demand from each the UK and abroad markets, particularly the EU, has pushed manufacturing with the output being more and more electrified. Nevertheless, with more durable Guidelines of Origin coming into pressure in January, the prospect of punitive tariffs is a transparent and current hazard. An pressing and wise decision is required, else each the UK and EU CV industries will face extreme competitiveness challenges and shoppers elevated prices.
1: September 2011 – 12,046 models
2: Jan-Sep 2011 – 89,026 models
SOURCE: SMMT
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