UK car production fell by 95% in May
UK car production fell by 95% in May compared to a year earlier, figures show.
What are the numbers?
The data has been released by the car industry lobby, the SMMT*.
According to the SMMT, this is how different types of car production have fallen in the UK compared with a year earlier;
- Car Production down by 95.4%
- 5,314 cars made compared to 116,035 last May
The numbers for May, although very low, were an improvement on the April numbers which show that only 197 cars were produced in the UK for that month.
If we look at 2020 year to date, which includes pre Lockdown, the SMMT say that we have produced 324,700 cars in 2020 so far, compared to 557,000 at this point in 2019.
According to Mike Hawes of the SMMT;
“May’s figures are yet more evidence of why the UK industry, like its global rivals, needs dedicated support to drive a successful restart. Government assistance so far has been vital in keeping many businesses afloat, but the job isn’t done. Measures to boost cashflow, including additional and tailored finance schemes, tax relief and business rates deferral would deliver immediate results when liquidity is most acute.
We have to retain the highly skilled jobs the sector provides but also ensure the business conditions are competitive so we can unlock the investment that will drive long-term recovery – a green recovery – which is inextricably linked the sector’s success.”
Notes & Sources
The SMMT is the Society of Motor Manufacturers & Traders, which represents the car industry in the UK.
Image from the SMMT press release.
Full details here;
Some numbers rounded to make the article easier to read.