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Over 905,117 cars, 120,357 commercial vehicles and 1.6 million engines were built in the UK in 2023. Eight out of 10 cars produced in the UK are exported overseas to more than 140 markets worldwide.
We forecast that the new vehicle market will grow marginally in 2024 to two million units, an annual increase of around five percent. Although demand is soft, vehicle supply will rise as manufacturers and supply chain businesses continue to increase production.
UK passenger car sales remained stable in August 2024, down just -1.3% to 84,575 units, according to the Society of Motor Manufacturers and Traders (SMMT) on September 5. Year-to-date sales increased 5.1% with 1,238,855 cars registered in the first eight months of 2024.
Over 426,000 cars built in the UK in 2024. Car exports down -13.9% in 2023, with 309,917 shipped worldwide – 74.5% of total production. Over half of these exports were to the European Union, 55.4%
Toyota Motor Corporation: net revenue 2012-2024. Find the most up-to-date statistics about the automotive manufacturing industry in the United Kingdom (UK)
The automotive semiconductor shortage, increased raw material prices, and cost of living crisis, spurred by rising inflation rates, led to a UK car production drop in 2021 and a further output...
Six consecutive months of growth for UK car production. UK car production rises 14.6% in best February performance since 2021. Manufacturing for domestic market surges, up 58.0%, while exports rise 4.6%. Electrified vehicles represent more than a third of output with 29,038 made in the month.
Latest independent production outlook anticipates UK producing some 910,000 cars and light vans this year, down -9.3%, as factories repurpose. Sector looks forward to working with new government on an industrial strategy with automotive at its core.
“The UK motor industry continues to show encouraging growth, with 142,876 new car registrations recorded in January 2024, representing an 8.2% year-on-year increase and the 18th consecutive month of growth.
In the first eight months of 2024, total vehicle production decreased 6.9% (y/y) to 601,628 units. The passenger car production was down 8.5% to 522,823 units, commercial vehicle was up 5.8% to 78,805 units.