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Evening Standard
Evening Standard
Business
Bradley Gerrard

SMMT: UK carmakers suffer worst March since financial crisis

Almost 100,000 fewer vehicles were built in the first three months of 2022 compared with a year ago.

(Picture: PA Wire)

UK carmakers suffered their worst March since the financial crisis as manufacturing dropped by more than a third.

The Society of Motor Manufacturers and Traders (SMMT) said shortages of semiconductors – microchips that are fundamental to modern cars – and other components, meant UK carmakers produced just 76,900 cars last month, representing a 33.4% year-on-year drop and the worst March since 2009.

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