The British car industry's cold winter worsens, with production in November hitting a 44-year low.

date
20/12/2024
avatar
GMT Eight
In November, the UK's car production fell to the lowest level in 44 years, with production down 30% year-on-year to just around 64,200 vehicles, marking the ninth consecutive month of decline. This drop was attributed to weak demand in the UK and Europe. The Society of Motor Manufacturers and Traders (SMMT) reported that production for all manufacturers in November failed to surpass the same period last year, reflecting the industry's overall decline. For a long time, the UK's car production has been affected by rising costs and trade barriers post-Brexit, as well as the challenge of transitioning to electric vehicles, exacerbating the industry's difficulties. Stellantis NV plans to close its historic Vauxhall car factory in Luton, which has been operating for 120 years, indicating a further downward trend in the industry. SMMT data shows that as of November, the UK has produced nearly 734,600 cars this year, a 13% decrease compared to the same period last year, well below the 1.23 million cars produced before the pandemic in 2019. In response to the challenges facing the automotive industry, policymakers announced last month that they would review the regulations on electric vehicle sales. However, car manufacturers have expressed dissatisfaction, believing that the government is not doing enough to stimulate market demand. The future of the UK automotive industry seems to be shaped by these internal and external factors, facing a dual challenge of transformation and survival.

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