The UK car production has accelerated, hitting over 91,000 cars in October, marking eight consecutive months of growth.
This performance signifies the best October output since 2019, showcasing a significant uptick in the industry's momentum.
The figures revealed by the SMMT demonstrate a remarkable surge, with a 31.6% increase compared to the same period last year. Both domestic and overseas markets experienced a boost, with exports soaring by 33.4%, particularly highlighting a 58% surge in shipments to the EU, the UK's largest market, representing nearly two-thirds of exports.
The rise in alternatively fuelled vehicles, including battery electric, plug-in hybrid, and hybrid cars, is impressive, constituting 40% of all cars produced in October, a near-record achievement for sustainable automotive solutions.
Mike Hawes, SMMT Chief Executive, expresses optimism, indicating a promising outlook for the UK automotive sector in 2024, fuelled by substantial investments aimed at steering the industry toward a decarbonised future.
The government's support and substantial investments, as highlighted by Business and Trade Secretary Kemi Badenoch, reinforce the UK's commitment to fortify the automotive industry. With recent major investments, including Nissan's Sunderland plant, and the launch of the Advanced Manufacturing Plan, the UK's strategy for the sector is demonstrating its effectiveness.
These robust figures not only spotlight the resilience of the automotive industry but also paint a promising picture of growth, anticipating further expansion in the coming year.
Read more about the growth on the UK Car Dealer website.