UK car output fell for the seventh consecutive month in September

Info comes via Reuters

UK car output fell for the seventh consecutive month in September

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

Society of Motor Manufacturers and Traders (SMMT) cite:

• factories wound down production of current models to retool for new zero-emission vehicles (ZEV)
• drop also partly due to last year's strong performance, which was the best since 2020

• "As UK Automotive undergoes its most radical transformation in more than a century, short-term production declines were always anticipated, and they represent a temporary adjustment in exchange for long-term growth"