SMMT - Page 3
Car production drops 8.4% in August as industry shifts to electric vehicles
UK car production saw a decline of 8.4% in August, with 41,271 vehicles rolling off the assembly lines, according to new figures released by the Society of Motor Manufacturers and Traders (SMMT).
SMMT urges new government to help unlock £50bn growth potential
The Society of Motor Manufacturers and Traders (SMMT) is urging the next government to collaborate closely with the automotive industry to unlock its full potential, projecting a £50 billion growth opportunity over the next decade.
EV discounting risks impacting long term investment as private retail continues to lag
Discounting risks undermining the ability of companies to invest in next generation technologies and cannot be sustained indefinitely, according to the Society of Motor Manufacturers and Traders (SMMT).
EV discounting only route to offset stock logjam on sluggish private sales
Private EV uptake remains sluggish leaving business buyers dominating the electric market, according to April figures from the UK car manufacturing industry which is now downgrading 2024 forecasts for all-electric cars due to falling expectations.