Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

UK’s car manufacturing output plummeted in July by 37.6pc from July 2020 due to a short supply of semiconductors among other factors. In July, 53,438 units were made, which is the lowest production number since 1956.

 

Production volumes dipped pressured by global semiconductor shortage and summer shutdown schedules. The latest data was released by the Society of Motor Manufacturers and Traders (SMMT).

 

Sales in the domestic market dipped by 38.7pc to 8,233 units and while exports fell by 37.4pc with 45,205 units shipped in July. Around 84.6pc vehicles were manufactured for export markets.

 

Around 26pc of the total manufactured vehicles in July or 126,757 units were either battery-electric, plug-in hybrid or hybrid-electric, which is also the highest number of EVs ever manufactured in the UK.

 

From Jan-July, total UK car production rose to 552,361 units, 18.3pc higher than the output in COVID-19 hit 2020. 

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