SMMT - Vehicle production dips amid EV transformation and intense market pressure
British vehicle production slips -11.8% to 905,233 units in 2024, with cars down to 779,584, as industry continues transformation to EV production. 4.0% growth in commercial vehicle production fails to offset -13.9% decline in car output. Potential...
SMMT - UK Auto makes one million vehicles and welcomes £23.7 billion investment boost
UK vehicle production tops one million units, up 17.0% in best year since 2019. 905,117 cars and 120,357 commercial vehicles made, with record electrified model output. £23.7 billion of private and public investment commitments announced in 2023. UK...
