UK automobile output fell for the seventh consecutive month in September

Data comes by way of Reuters

UK automobile output fell for the seventh
consecutive month in September

• 20.6% decline y/y
• EV manufacturing fell 37% in September

Society of Motor Producers and Merchants (SMMT) cite:

• factories wound down
  manufacturing of present fashions to retool for brand new zero-emission
  automobiles (ZEV)
• drop additionally
  partly as a consequence of final yr’s robust efficiency, which was the very best
  since 2020

• “As UK Automotive undergoes its most radical transformation
  in additional than a century, short-term manufacturing declines have been
  all the time anticipated, and so they signify a short lived adjustment in
  change for long-term development”

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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