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UK car output drops for fifth straight month in July, data shows

Published 08/28/2024, 07:04 PM
Updated 08/28/2024, 07:05 PM
© Reuters. FILE PHOTO: New cars are pictured at a car dealership, as Britain's car industry body releases monthly new car sales figures, in Cheshire, Britain October 5, 2020 REUTERS/Jason Cairnduff/File Photo
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(Reuters) - Britain's car production fell for the fifth consecutive month in July, hurt by manufacturers shifting to new models and temporary disruptions in supply chain, industry data showed on Thursday.

A total of 65,478 cars rolled off production in July, down 14.4% from a year earlier, the Society of Motor Manufacturers and Traders (SMMT) said.

Production of electrified vehicles, which included fully electric models, plug-in hybrids and full hybrids, constituted 37.5% of the total output, compared with 39.5% a year ago.

"An ongoing degree of volatility is likely as the industry restructures to transition to zero emission vehicle production," SMMT chief executive Mike Hawes said in a statement.

Automakers Nissan (OTC:NSANY) and Tata Motors (NYSE:TTM) have announced multi-billion-pound investments in EV production at their UK plants, bolstering the industry's foreign investment and drive towards net zero emissions.

© Reuters. FILE PHOTO: New cars are pictured at a car dealership, as Britain's car industry body releases monthly new car sales figures, in Cheshire, Britain October 5, 2020 REUTERS/Jason Cairnduff/File Photo

However, surging living and manufacturing costs have affected EV sales and production, prompting global automakers such as Ford (NYSE:F), General Motors (NYSE:GM) and Mercedes to scale back their ambitious EV plans.

UK car production was up 14.8% to 118,672 units to date in 2024, SMMT said.

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