UK car production falls sharply in April
Summary
UK car production dropped sharply in April, hitting the lowest level for this month since 1952, not including April 2020 during the pandemic. Factors contributing to this decline include tariffs, the shift from petrol to electric vehicles, and fewer working days due to Easter.Key Facts
- In April, the UK produced 59,203 vehicles, the lowest April output since 1952 outside the pandemic.
- This output was 16% lower than the previous April and 25% lower than March.
- The decline was partly due to companies shipping more cars to the US before new tariffs, and because Easter resulted in fewer working days.
- Export production fell by 10.1%, mainly due to less demand from the US and EU.
- The first four months of the year had the lowest total vehicle production since 2009 in the UK.
- The global trend shows similar declines in countries like Germany, Italy, France, and Japan.
- New trade deals with the US, EU, and India may boost future production.
- UK government's changes in electric vehicle policy have created uncertainty for carmakers.
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