UK car production drops to lowest in 65 years due to chip shortage

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London

The production of cars in Britain saw a sharp drop in July, marking the worst monthly performance for the industry in 65 years, according to the Society of Motor Manufacturers and Traders (SMMT).

As a result, only 53,438 cars were built – the lowest in 65 years. Production for the British market was down 38.7% to 8,233 units, while export manufacturing dropped 37.4% to 45,205 vehicles.

Exports accounted for 84.6% of cars assembled in the country, according to figures revealed by the SMMT.

The abrupt year-over-year drop of 37.6 percent is attributed to the ongoing global shortage of semiconductors and a lack of staff.

The number of Britons being ‘pinged’ by the app which registers close contacts with those infected. —TLTP

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