UK car production down 27.3% – 17th month of decline
According to figures from the Society of Motor Manufacturers and Traders (SMMT), UK car production fell 27.3 per cent year-on-year in January to 86,052 units. This is the worst January performance since 2009, when UK factories made just 61,404 cars, and the drop of 32,262 units represents the 17th consecutive month of decline. The SMMT attributes January’s weak output to multiple factors, including the ongoing effects of the pandemic, global supply chain issues, extended shutdowns and friction in the new trading arrangements following the end of the Brexit transition period.