Automotive production continues forwards momentum

UK car production rose for the fourth month in a row in May, surging by 26.9% year on year to 79,046 units.

This is according to the Society of Motor Manufacturers and Traders (SMMT), which reported that manufacturers produced 16,762 more units than in the same month last year.

Meanwhile, combined hybrid electric, plug-in hybrid and battery electric vehicle volumes were up 95.4% to 27,636 units and representing 35% of all cars made in the month.

Commercial vehicle production also rose in the month, up 36.9% to 10,813 units.

Mike Hawes, SMMT Chief Executive, said, “Another month of growth for UK car production is good news and a sign that, despite challenging economic conditions, the industry’s foundations are strong. But with weak GDP growth, high inflation and rising interest rates, it’s crucial that UK car factories stay globally competitive. All political parties must recognise the strategic importance of this sector and back our call for an industrial strategy that supports local production, assures export market access and attracts further investment to safeguard our future.”

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