Gb: lowest car production since 1956 – Ultima Ora

Gb: lowest car production since 1956 – Ultima Ora

(ANSA) – LONDON, JAN 26 – Britain’s annual car production fell to its lowest level since 1956, largely due to a global shortage of semiconductor chips, according to industry data released today.

About 775,000 vehicles were built last year by foreign-owned automakers, down about 10 percent from 2021, the Association of Automobile Manufacturers and Traders said. Production in 2022 is down by around 41% from before the Covid pandemic in 2019, SMMT added. At the same time, the data showed that the UK produced a record number of electric cars.

“The main reasons for the decline in production are the debilitating global shortage of semiconductors, which reduced the ability to build vehicles in line with demand,” the agency said. Manufacturing was also affected by “significant structural changes, reflecting production losses at two major manufacturing sites – and the impact of supply disruptions in China due to the Covid shutdown,” SMMT noted.

Japanese car giant Nissan produced the most vehicles with more than 238,000 units, up 16.5% year-on-year, followed by India-owned Jaguar Land Rover, with nearly 203,000 vehicles, although down more than 8% compared to 2021. Mini , owned by the German BMW group, was the most exported model, followed by the Nissan Qashqai.

About 80% of cars produced last year were made for export, with the largest demand coming from the European Union. (PRESS UP).