U.K. production rises 6% in March as chip shortages ease

U.K. production rises 6% in March as chip shortages ease

Automotive News Europe — 2023-04-28

Automotive Industry

British car production rose for a second consecutive month, climbing 6.1% in 2023 March, as the global shortage of semiconductors and other components eased further, the Society of Motor Manufacturers and Traders (SMMT) said in a statement.

In 2023 March, 81,605 cars were made in Britain, taking the first-quarter output to 219,887 units - 6% higher than the corresponding three-month period a year earlier.

Exports drove the growth in production by British automakers, which rose 10% to 61,546 units and accounted for almost eight in 10 cars manufactured in 2023 March.

The strength in exports also offset a 5.1% decline in cars made for the U.K. domestic market.

"A second consecutive month of growth for U.K. car production gives cause for optimism, though volumes are still well below pre-pandemic levels," SMMT CEO Mike Hawes said in the statement.

The trend of a surge in the manufacturing of hybrid, plug-in hybrid and full-electric vehicles continued, with output in the segment soaring 75% in 2023 March, to 32,546 units.