Car production in Britain fell by almost half in AugustSeptember 25, 2020
Car production of new cars in the UK fell 45% last month.
In August, car factories in the UK produced 51,039 new vehicles, down 45% from the same period last year. the reason for the decrease in production volumes is the COVID-19 pandemic, due to which the demand for cars has decreased.
“Companies are gearing up for a second wave with tighter social and business constraints, which makes the industry’s attempts to restart even more challenging,” – said Mike Howes, CEO of the Society of Manufacturers and Merchants (SMMT).
Note that August last year was, on the contrary, the most productive up to the point that automakers did not spend their annual summer “holidays” preparing for Brexit at the end of March. According to SMMT, this year production will fall by about a third to just under 885,000 vehicles.
The UK industry is also facing falling demand for diesel models, as well as the costs of electrifying cars and eliminating possible trade disruptions from Brexit. London and Brussels are trying to reach a free trade agreement, which will take effect in January, when Britain leaves the European Union as a single market and customs union.
“The no-deal scenario will be catastrophic as vehicle production will potentially fall below 750,000 by 2025, making it difficult for the sector to attract investment in new facilities and technologies that will be integral to ensuring an emission-free future,” – Hawes said.
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