In the News
UK car production collapses to lowest for 66 years
27th January 2023
Wow! 2021 was a bad year for UK car production and 2022 has proved to be even worse!
Here are the basic statistics:
UK car production fell by 10% last year 775,014, the worst year since 1956
So why is it happening? As always - a range of factors are at work:
- Semi-conductor chip shortages
- Chinese supplier shutdowns
- A fall in production of and export of Ukrainian wire harnesses imported into the UK
- The full effects of the Honda plant which closed in 2021 - it had manufactured around 100,000 cars a year at one time
- The Vauxhall Ellesmere Port plant ceased production of the Astra
So at the end of a tough year for car manufacturing in the UK - which business is the largest producer of cars in the UK?
The answer? Nissan - In 2022, Nissan overtook Jaguar Land Rover (pardon the pun) to become the UK’s largest car producer, helped by both its electric Leaf car and a sharp slide in JLR’s own production at their Solihull plant.
You might also like
OECD Overview of the UK Economy (2015)
5th April 2015
Meet the UK Interest Rate Setters!
13th September 2015
Corporation Tax Cuts and the UK Current Account Deficit
24th February 2016
Historical context of Brexit
24th August 2016
China's Future Economy
5th January 2017
Derived Demand - Soaring Demand for Electric Vehicle Batteries
16th August 2017
What is Premature Deindustrialization?
28th March 2018
20 Key Facts on the UK Economy in 2019
Topic Videos