New data from the Society of Motor Manufacturers and Traders (SMMT) has revealed that production in the UK automotive sector increased by 8.6% in July, making it the third month of growth in a row.
Vehicle production is still struggling to return to pre-pandemic levels in the face of weaker export markets and shortages of components. Nevertheless, some 4,605 vehicles rolled out of factories in July, suggesting that supply chain shortages are beginning to ease, with vehicles destined for the domestic market rising sharply by 40.7%.
Mike Hawes, the chief executive of the SMMT, said:
“A third consecutive month of growth for UK car production is, of course, welcome and gives some hope that the supply chain issues blighting the sector may finally be starting to ease. But other challenges remain, not least energy costs which are increasing at alarming rates.”
The UK head of automotive at KPMG, Richard Peberdy, said that once the incoming Prime Minister takes office, the sector would be looking to the UK Government to find ways of supporting the sector’s competitiveness, especially with the aim of securing a substantial share of the global market for electric vehicles.
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