UK car production reaches record high in 2023, despite challenges

Output by the country’s mainly foreign-owned car producers, including Nissan and Jaguar Land Rover, reached just over 905,000 units in 2023, up nearly 17 percent from a year earlier, the Society of Motor Manufacturers and Traders (SMMT) said in a statement.

“The easing of pandemic-related challenges, from chip shortages to lockdowns, and increasing electrified model production, combined to drive annual output,” it added.

SMMT, which reported record-high production of electric models last year, warned that “headwinds remain, most immediately with attacks on shipping in the Red Sea raising the spectre of delays and cost pressures”.

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.

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