May 26, 2022

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UK car production will decline in 2021, but investment is the largest since 2013

UK car production will decline in 2021, but investment is the largest since 2013

UK car production fell 6.7% in 2021, mainly due to epidemic factors, but the ீடு 4.9 billion investment was the largest since 2013, according to industry data.

“Last year was very bad. We expect things to be better this year, and there is reason to be optimistic,” Mike Howes, executive chairman of the Association of Automobile Manufacturers and Traders (SMMT), told a news conference.

In 2021, 859,575 vehicles were produced in the UK, up from 920,928 in the previous year.

The shortage of semiconductors, an essential component of automobile production, was cited as the main reason for the decline as many factories had to reduce or suspend production.

Other factors cited were labor shortages, isolation due to the Govt-19 epidemic, and declining demand due to the closure of car retail outlets.

The closure of the Honda factory in Swindon in July was a blow to the industry.