Lowest October UK car output since 1956 amid chip shortage By Reuters

by Msnbctv news staff

© Reuters. FILE PHOTO: Vauxhall Astra autos are pictured on a manufacturing line at Vauxhall automobile manufacturing facility in Ellesmere Port, Britain July 6, 2021. REUTERS/Phil Noble

LONDON (Reuters) – British automobile output fell by an annual 41.4% final month to its lowest October degree since 1956 as the worldwide lack of semiconductor chips and a plant closure hit the sector, in response to a commerce trade physique.

A complete of 64,729 vehicles rolled off British manufacturing traces, knowledge from the Society of Motor Producers and Merchants (SMMT) confirmed on Friday.

The autumn mirrored the worldwide provide chain issues and Honda’s everlasting closure of its manufacturing facility in late July.

Automobile output within the first 10 months of the 12 months stood at 721,505 autos, down 2.9% on 2020 when websites have been closed for months because the coronavirus pandemic hit Britain.

Full-year automobile and van output can be beneath 1 million for a second consecutive 12 months however is predicted to return to above that degree in 2022, the SMMT mentioned, citing an impartial forecast by AutoAnalysis.

“Britain’s automotive sector is resilient however with COVID resurgent throughout a few of our largest markets and international provide chains stretched and even breaking, the fast challenges in conserving the trade operational are immense,” mentioned SMMT Chief Govt Mike Hawes.

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