On June 25, the UK's Society of Motor Manufacturers and Traders (SMMT) reported that UK car production experienced a 2.7% year-on-year increase in May, marking the first rebound after four consecutive months of decline. This upturn was primarily driven by a spike in exports to the US. Nevertheless, the SMMT cautioned that the industry's competitiveness remains under threat from high energy costs, trade uncertainties, and sluggish demand for electric vehicles. SMMT CEO Mike Hawes emphasized that while manufacturers have made substantial investments in zero-emission technologies, the underlying weak demand and escalating compliance costs are jeopardizing competitiveness, employment, and future investments. Data reveals that total car production in the UK reached 51,178 units in May, with passenger car production seeing a 3.2% year-on-year rise to 49,249 units, while commercial vehicle production dipped by 7.6% to 1,929 units. Notably, car exports to the US soared by 83.1% last month, although exports to the EU and China declined by 5.2% and 14.3%, respectively. For the first five months of this year, total car production in the UK dropped by 8.7% year-on-year, amounting to 317,779 units.
