- British car manufacturing output grows 21.0% in January, to 82,997 units.
- Export volumes up 11.6%, while production for UK market surges 64.5%.
- Electrified vehicle production continues to grow, up 4.5% to 29,590 units.
UK car production got off to a fast start in January, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). Volumes rose 21.0% to 82,997 units, marking the best January performance since 2021 and the fifth straight month of growth as global demand for British-built brands continued to grow and legacy supply chain challenges, notably semiconductor shortages, abated.1
The bulk of production was for export (75.8%), with overseas shipments up 11.6% to 62,938 units – a rise of 6,559.
CT Automotive plc (LON:CTA) designs, develops and manufactures automotive interior finishes and complex kinematic assemblies for the most well-known automotive brands on the planet. These critical components are managed through an intricate global network of reactive supply chains to arrive JIT (Just in Time) at their respective OEM manufacturing plants.