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UK industrial car (CV) manufacturing grew 16.0% within the first six months of the yr as 58,675 models rolled off manufacturing unit strains, with June marking the third consecutive month of progress, in keeping with the most recent figures launched at this time by the Society of Motor Producers and Merchants (SMMT)
UK industrial car (CV) manufacturing grew 16.0% within the first six months of the yr as 58,675 models rolled off manufacturing unit strains, with June marking the third consecutive month of progress, in keeping with the most recent figures launched at this time by the Society of Motor Producers and Merchants (SMMT). 11,748 models had been produced in June, up 23.0%, and it additionally marks the very best first half yr for UK van manufacturing since 2011, as provide chain constraints proceed to ease.1
First half yr manufacturing was 67.0% up on pre-pandemic 2019 volumes, with progress pushed by abroad demand, exports of the most recent British-built CVs rising 26.7% in comparison with the identical interval final yr, at 37,803 models.2 Abroad shipments represented greater than 6 in 10 (64.4%) of all CVs made since January, with by far the bulk, 92.8%, shipped into the European Union, adopted by America and Asia.3 Volumes for the home market elevated marginally, with output up 0.5% to twenty,872 models.
This progress is ready to proceed all through the remainder of the yr, on the again of recent mannequin exercise and, notably, the anticipated opening of a brand new electrical van manufacturing facility within the North West. The newest unbiased outlook subsequently forecasts gentle CV manufacturing to develop 44.0% to round 114,500 models this yr.4 Volumes are then anticipated to rise once more in 2024 to almost 150,000 models offering financial situations enable and the UK-EU buying and selling relationship of electrical autos continues to function because it does at this time.
Free and honest commerce is however one a part of a aggressive enterprise surroundings and final month SMMT launched “Manifesto 2030: Automotive progress for a zero emission future” setting out 5 key pledges and coverage actions, as a part of an industrial technique, to drive UK automotive manufacturing progress and assist ship web zero. In addition to boosting world commerce, the plan requires all political events to again the business and deal with some crucial competitiveness points, notably; supporting the upskilling of the workforce because it transitions from making engines to batteries; present reasonably priced, inexperienced vitality; drive a wholesome electrical car market with world-class charging infrastructure, incentives and selection; and pull each lever to bolster funding in automotive manufacturing and its provide chain.
Mike Hawes, SMMT Chief Govt, stated,
Business car output has continued to buck the difficult financial situations, reaching file ranges. That is excellent news for the sector, for jobs and for the broader economic system. With progress set to proceed, and a few constructive funding bulletins into UK auto lately, there may be elevated positivity throughout the business. We should now construct on this restoration, making certain we keep aggressive and appeal to extra world funding to scale up our EV provide chain and place the UK as a world-class vacation spot for car manufacturing.
1: CV manufacturing output, June 2011: 61,420 models
2: Pre-pandemic 2019, CV manufacturing volumes: 35,130
3: UK-EU CV exports Jan- June 2023: 35,076 models
4: Unbiased manufacturing outlook from AutoAnalysis – June 2023
SOURCE: SMMT
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