Car production enjoys six straight months of growth
- 28/03/2024
- Posted by: Alan Feldberg
- Categories: Featured, News
UK car production was up 14.6% in February to 79,907 units. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), it marked the sixth consecutive month of growth and best February performance since 2021.
Production for the domestic market grew 58% to 20,658 units while exports rose 4.6% to 59,249.
Meanwhile, production of electrified vehicles made up more than a third (36.3%) of all output in the month, with factories delivering a combined 29,038 units. This represents a six per cent increase on the year before.
Year-to-date, UK car production is up 17.8% at 162,904 units, the best start to the year since 2021.
Mike Hawes, SMMT chief executive, said: “Another month of growth for UK car production is welcome news, reflecting strong demand at home and around the world for the latest British-built cars. The industry is transitioning from internal combustion engine cars to electrified vehicles, building on the massive investment commitments made last year. The UK industry faces stiff competition, however, as global competitors seek to secure new models and technologies so a commitment to our industrial competitiveness, from all political parties in this likely election year, must be maintained.”
