While some Asian countries have a robust vehicle manufacturing industry, they remain 'protected' with stiff import duties. The UK has a weak car industry but any thought of protection that would see it grow and prosper is unthinkable.
Passenger car production in the UK fell 27% in December and 14% for the year. I predicted in March that "one could expect that 2024 will not equal the year before". I didn't expect it to fall that much. Commercial vehicle volume was -17% in December but still up 4% for the year. Production for the home market has taken a battering, -28% in March and -13% YTD. Exports were -13% In March but up an impressive 58% YTD.
Put it all together and December was down 26% and -12% for the completed year. The numbers aren't flash but considering the apathy within the UK for its motor vehicle industry hardly surprising.
With two manufacturers providing sales figures each month, they are listed here. Nissan accounted for 31% of the total and Toyota 11%. I appreciate their openness.
Data source: SMMT, manufacturers.
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