Major UK car brands are no longer in favor of foreign markets
Overseas demand for UK-made cars has plunged over the last few weeks as production declined.
Despite the end of lockdown, more than 1,000 cars are being built per day in the UK.
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Recently, the average annual volume was 4,500 cases per day.
Data shows a 27% decline in production in August from the previous year. This means that the country is the worst set of annual performances in decades.
Trading partners who previously liked classic British companies such as Mini, Jaguar and Rolls-Royce et All have shown dramatic enthusiasm.
Exports to China have fallen by 58%, while exports to the US have fallen by 65%.
Sales to Australian buyers plummeted 75%.
“While it’s not the only factor in the play, we can’t overstate the impact of a semiconductor shortage on manufacturing. “We cannot overstate the impact of a semiconductor shortage on manufacturing,” said Mike Hawes, CEO of SMMT.
“Employment support schemes such as Furlough have proven such a lifeline for the automotive business, but today’s suspension is at its worst, with the industry still damaging the sector and threatening the supply chain in particular. They are facing symbiosis-related termination. Other countries have expanded their support. The UK should do the same.”
