The UK car industry witnessed an output surge of 31.6% in October, new figures show.
According to the latest Society of Motor Manufacturers and Traders (SMMT) data, UK car makers produced 91,512 units last month, marking the best October performance since 2019.
While both domestic and overseas demand grew in October – up 23.9% and 33.4% respectively – it was exports that really drove output, accounting for 82.3% of all cars produced. In fact, more than eight in 10 cars produced in the UK last month were shipped abroad, with EU orders showing a significant uptick of 58.5%. The EU remains the UK’s biggest export market by far, accounting for almost two-thirds of exports (65.2%).
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.