The following is the UK car production will fall by 29.3% in 2020 From SMMT recommended by recordtrend.com. And this article belongs to the classification: New energy vehicle industry, Automobile industry.
According to the latest data released by the association of automobile manufacturers and traders (SMMT), UK car production will drop by 29.3% to 920928 in 2020. In December, production fell 2.3% to 71403 vehicles.
Overseas buyers’ sales fell 29.1% this year to 749038, while domestic sales in the UK also saw a double-digit decline, by 30.4% to 171890. Despite a 30.8% drop in volume to 400460 vehicles, the EU remains the UK’s largest export destination, accounting for 53.5% of the UK car market.
UK shipments to the US, Japan and Australia all declined by – 33.7%, – 21.6% and – 21.8% respectively. However, exports to mainland China increased by 2.3% last year, and exports to Korea and Chinese mainland Taiwan increased by 3.6% and 16.7% respectively.
Despite the bleak outlook, the UK continues to offer battery electric vehicles (BEVS), plug-in hybrid vehicles (PHEVs) and hybrid vehicles (HEVs) to buyers at home and around the world. The total production of these models rose to 18.8% from 14.8% a year ago, with Bev’s share rising from 3.4% to 4.5%. Overall, the UK produced 172857 alternative fuel vehicles, 79.6% of which were exported.
Since brexit, the process of ensuring Customs compliance has become more cumbersome, and the ability of the industry to attract future investment depends on maintaining its competitiveness. In 2020, the UK publicly announced 3.23 billion pounds of investment in automobiles, but more than 80% of it was attributed to a company dedicated to batteries. The UK is one of the largest exporters of goods in the automotive industry, with an annual turnover of 78.9 billion pounds and more than 180000 employees directly employed.
More reading: SMMT: UK auto production drops by 33.8% in the first 10 months of 2020 China Association of automobile manufacturers: Sales of 23.11 million new cars from January to November 2019, down 9.1% year on year Year on year growth of 21.9% and 16.4% IHS Markit: it is predicted that the total global automobile production will be reduced by 964000 units in 2021. CAAC: China’s automobile sales will be 2.194 million units in May 2020, a month on month growth of 5.9% CAAC: China’s automobile production will be 16.957 million units from January to September 2020, a year-on-year decline of 6.7% SMMT: Tesla Model in August 2019 30% one of the best selling models in the UK SMMT: the number of registered electric vehicles in the UK is nearly 40000 in 2019 anfavea: the car production in Brazil will drop by 50.5% in the first half of 2020 SMMT: the sales volume of new cars in the UK will be 174887 in July 2020, with a year-on-year increase of 11.3% SMMT: the car production in the UK will only be 5314 in May 2020 95% year on year decrease SMMT: UK new car sales in August 2020 decreased by 5% year on year China Automobile Industry Association: China’s new energy vehicle sales in 2019 decreased by 4% year on year
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