UK Car Production Declines as Electric Vehicles Take Over the Market
Hong Kong, China, 26th September 2024, ZEX PR WIRE, The latest data from the UK automotive industry reveals a continued decline in car production for the sixth consecutive month in August 2024. This 8.4% year-on-year drop reflects broader industry trends, including a shift toward electric vehicle (EV) production and a general retooling of factories to accommodate new models.
Despite August traditionally being a lower-output month due to factory shutdowns for summer holidays and model transitions, the decline indicates the challenges the industry faces during this transition to EVs.
In the year to date, UK car production is down -8.5 per cent at 522,823 units. Vehicle production fell by 3,781 units during August as 41,271 new cars rolled off production lines – an 8.4 per cent change on A...