Finance

UK car manufacturing hits 44-year low in November, industry data shows

Published by Global Banking & Finance Review

Posted on December 20, 2024

1 min read

· Last updated: January 27, 2026

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Declining UK car manufacturing output in November 2023 - Global Banking & Finance Review
This image illustrates the decline in UK car manufacturing, which hit a 44-year low in November 2023. The data reveals a significant drop in production amid industry shifts towards zero-emission vehicles.
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(Reuters) - UK car manufacturing hit its lowest November output since 1980, as the industry grapples with the shift to zero-emission vehicles and rising costs, according to data released Friday by the

UK Car Manufacturing Declines to 44-Year Low in November

(Reuters) - UK car manufacturing hit its lowest November output since 1980, as the industry grapples with the shift to zero-emission vehicles and rising costs, according to data released Friday by the Society of Motor Manufacturers and Traders (SMMT).

Factory lines produced 64,216 units in November, a 30.1% drop from the previous year.

"While a decline was to be expected given the extensive changes underway at many plants, manufacturing is under pressure at home and abroad, with billions of pounds committed to new technologies, new models and new production tooling," said Mike Hawes, Chief Executive of SMMT.

Despite the global auto sector's shift towards electrification, production of battery electric, plug-in hybrid and hybrid electric cars fell 45.5% to 19,165 units in November, representing almost a third of total output.

SMMT also reiterated for the government to review the 'ZEV mandate' regulation, which could see carmakers face nearly 6 billion pounds($7.55 billion) in discounts and compliance costs.

($1 = 0.7944 pounds)

(Reporting by Yamini Kalia in Bengaluru; Editing by Tasim Zahid)

Key Takeaways

  • UK car manufacturing hits lowest November since 1980.
  • Production dropped 30.1% compared to last year.
  • Shift to zero-emission vehicles impacts output.
  • Electric vehicle production fell by 45.5%.
  • SMMT urges government to review ZEV mandate.

Frequently Asked Questions

What is the main topic?
The article discusses the decline in UK car manufacturing to a 44-year low in November due to shifts towards zero-emission vehicles and rising costs.
Why did UK car production decline?
The decline is attributed to the industry's transition to zero-emission vehicles and increased production costs.
What is the ZEV mandate?
The ZEV mandate is a regulation that could impose significant costs on carmakers, which SMMT suggests the government should review.

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