auto

Car production falls -14% in February


UK car production fell -14% in February, the 18th consecutive month of decline and the weakest performance in more than a decade.

Production for the domestic market fell -34.9%, a loss of 9,480 units, while exports fell -8.1%, down 7,683 units.

Overseas orders still accounted for by far the majority (83.2%) of all cars made in the month, with most of these (53.9%) heading into the EU.

The recent strong growth in UK output of battery electric (BEV), plug-in hybrid (PHEV) and hybrid vehicles (HEV) continued in February, with total production of these vehicle surging 25.3% to 23,019 units.

Mike Hawes, SMMT chief executive, said: “A year into the pandemic, these figures are yet more evidence of how badly coronavirus has hit UK car production.

“Thankfully, there are some rays of light with UK showrooms due to reopen on 12 April, vaccinations progressing and a roadmap to kickstart the economy.

“The automotive sector can play a crucial role in getting the UK back on its feet, supporting jobs across the country, driving growth, and helping the country transition to zero emission mobility. However, the UK is not isolated from global issues and our automotive industry still needs a stable and secure international market to prosper.”





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more