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The UK car sector can expect an “ongoing degree of volatility” as the UK industry restructures to transition to zero emission vehicle production
That’s the view of the Society of Motor Manufacturers and Traders (SMMT) which today announced that UK car production fell by -14.4% to 65,478 in July.
It said the decline in output due predominantly to model changeovers and temporary supply chain challenges.
Despite a -18.6% decline in volume, electrified (battery electric, plug-in hybrid and hybrid) vehicle manufacturing maintained a relatively stable 37.5% share of output, compared with 39.5% in July 2023.
Mike Hawes, SMMT chief executive, said, “Following significant growth last year, some readjustment in output was to be expected.
“Indeed, an ongoing degree of volatility is likely as the industry restructures to transition to zero emission vehicle production.
“As the billions already committed to new models start to deliver a return, volume growth will resume, providing we seize every opportunity to enhance our global competitiveness.”