Car Figures

According to the latest Society of Motor Manufacturers and Traders (SMMT) figures published today, UK car production rose 6.0% in the first three months of 2023, to 219,887 units. As the global shortage of semiconductors and other components begins to ease, factories produced 12,540 units more than Q1 last year, driven by exports which increased 6.6% and represented almost eight in 10 cars made.

March rounded off the period with volumes up 6.1% to 81,605 as, again, exports drove growth, up 10.4% to 61,546 units, offsetting a -5.1% decline in car production for the UK as 20,059 cars were made for the domestic market. At 63.6%, the EU took the largest share of exported cars, (39,172 units), as shipments rose 4.9%, while those to the next biggest markets, the US and China declined -4.1% and -8.3% respectively.

Commercial Vehicle Figures

UK commercial vehicle (CV) manufacturing output decreased by -3.0% in March, with 9,822 vans, trucks, taxis, buses and coaches produced, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The decline of just 308 units must be set against March 2022, which was the best March since 2011, and draws an uneven first quarter of the year to a close, with a large rise in January followed by declines in February and March as temporary supply shortages continued to affect output.

Even with the March fall, manufacturing output remains up 1.1% in the year to date, at 25,554 units, with the growth driven primarily by a strong January performance and overseas demand. Exports are up 2.6% in Q1 to 14,574 vehicles with 91.8% destined for EU customers, while production for the domestic market declined marginally by -0.8% to 10,980 units.

For more information please visit: https://www.smmt.co.uk/category/news/