British car manufacturing made further gains in April, with output increasing for the third month in a row, up 9.9%, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). 66,527 cars rolled out of factory gates, 5,973 more than in April last year as global supply chain shortages, most notably of semiconductors, continued to ease.
Exports drove volumes, rising 14.7% to 54,820 units, with more than eight in 10 cars (82.4%) heading overseas. This was the third month in a row that exports saw a double-digit rise. The European Union remained by far the most important global market, taking 58.4% of all exports, equivalent to 32,002 units with volumes up 12.2%, followed by the US, China and Australia. Shipments to these destinations changed by 36.2%, -3.6% and 226.8% respectively, with buyers choosing the latest British-built models, including many with hybrid or zero emission powertrain technology.
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.