THE PLATINUM CLUB

Automotive Collapse

The number of new cars made in the UK has sunk to its lowest level for 66 years as firms warn the country is not doing enough to attract manufacturers. The 10% drop is the worst performance since 1956, according to the Society of Motor Manufacturers and Traders.

A struggle to get parts due to Covid and a semiconductor shortage have hit the industry worldwide, but the UK has also been hit by factory closures. Car firms warn the UK has not got a strategy to attract manufacturers. In response, the government said it was “determined” to ensure the country remains a top global location for car manufacturing. In total, the UK produced 775,014 cars last year, down from 1.3 million before the pandemic, with production having fallen every year since the UK voted to leave the European Union in 2016.