Economic Buzz: UK Car Production Falls 6% On Year In September

27 Oct 2022 , 03:15 PM

UK car production declined for the first time in five months in September, as output was again restricted by severe supply chain issues affecting manufacturers, the Society of Motor Manufacturers and Traders, or SMMT, reported. Car production dropped 6.0 percent year-over-year in September, reversing a 34.0 percent strong growth in August. The latest fall in output was attributed to on-going severe supply chain issues along with higher energy costs and component shortages. There were 63,125 vehicles produced out of the factory in September compared to 67,173 units in the corresponding month a year ago. Despite an overall decline in September, battery electric vehicle output grew notably by 16.6 percent to 8,856 units. UK car factories produced 52,888 electric vehicles so far this year, an increase of almost a fifth, or 19.3 percent, over last years first nine months. With 78.4 percent exported abroad, the UK is proving its ability to manufacture cutting-edge, zero-emission vehicles that are highly sought after around the world, the SMMT said.Powered by Commodity Insights