SMMT forecasts car production boost for UK after 'dismal' 2021
It was a good year for the “small-volume, high-luxury premium vehicle” segment as well, SMMT chief executive Mike Hawes observed, while noting that the UK industry’s “diversity between high-value, luxury, sports performance and volume” cars means “every company is affected in a slightly different way” by the semiconductor shortage.
However, Hawes anticipates that while “the semiconductor issue is going to be tough in the first half of the year, it will ease and that should flow through to production output”.and other areas of lost capacity, but “with a fair wind in terms of component supply”, the UK should build more than a million cars in 2022.
“What really matters is getting the supply of components and bolstering output of existing plants, and if some of those plants can secure new models in the medium term, then it can get to, certainly, consistently above one million.”
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