UK car production drops 14.4% in July, driven by model changeovers and supply chain challenges, but EVs maintain a strong foothold in the industry.
The UK automotive industry is currently experiencing a significant slowdown, with car production dropping by 14.4% in July 2024, totaling 65,478 vehicles. This decline, as reported by the Society of Motor Manufacturers and Traders (SMMT), has been attributed, mainly to model changeovers in production and temporary supply chain constraints. Despite a sharp 18.6% drop in production volume, the industry’s overall value remains steady at over £20 billion for the first seven months of 2024, reflecting the resilience of UK automotive manufacturing. Read on fort he full scope of SMMT’s commentary…
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Register free now to stay up-to-date with the latest industry developments, trends, and analysis, to find in-depth reports and intelligence and to connect with your peers.
Your free registration includes:
Gain access to our exclusive content and features register free today
Non-registered users are able to access two AMS exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
Automakers explore ways to cut costs by up to 50% to make EVs affordable, embracing advanced manufacturing, automation, and collaboration to scale up sustainable mobility
Hexagon’s new eBook offers five breakthroughs to increase quality and lower cost in electric vehicle battery production.
BorgWarner shares insights into how the company is leveraging existing assets and using mergers and acquisitions to boost EV component production.
