2022-11-25 08:13:34

UK car output grew in October driven by increased luxury motor exports

Logo Daily Mail
Daily Mail
By Rob Hull

UK car production rose last month driven by an increase in exports of luxury vehicles - but outputs remain well below pre-pandemic levels, fresh data reveals.

A total of 69,524 cars were built in October, an increase of 7.4 per cent on the same month a year ago, according to the Society of Motor Manufacturers and Traders (SMMT).

However, industry experts and analysts predict that growth could be short-lived, with the cost-of-living crunch and squeeze on consumer spending likely to strangle demand for new cars in the coming months.

The trade body saidexports of expensive premium and specialist models, primarily to the European Union, had driven outputs.

The rise followed a fall in September, which came after four consecutive months of growth, demonstrating how supply chain turbulence, in particular global chip shortages, continues to affect UK car manufacturers, SMMT said.

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Orders from overseas were the driving force behind UK output, with more than 80 per cent of new cars heading abroad, equivalent to 56,469 units, while 13,055 vehicles were turned out for the domestic market.

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