UK Car Production Decline

UK car manufacturers are experiencing a significant downturn, with November marked as the worst month for production since 1980, reflecting a 30% decline year-over-year. Contributing factors include the closure of Jaguar’s UK manufacturing operations and a decrease in both domestic and export demand for vehicles. The overall output has dropped by nearly 13% for the year, attributed to ongoing supply chain issues that began during the pandemic, such as chip shortages. This represents a troubling trend, as it suggests a potential continuation of weak manufacturing performance in the upcoming years.