UK vehicle output down 14.3% in November

Core Insights - UK vehicle production experienced a significant decline of 14.3% in November, with 65,932 units produced, primarily due to a 1.7% decrease in car output and a drastic 78.0% drop in commercial vehicle production [1][2] Group 1: Vehicle Production Trends - Car production fell for the fourth consecutive month, with only 1,090 fewer cars produced compared to the same month last year, as production stabilizes post-cyber incident at Jaguar Land Rover [2] - Commercial vehicle output has decreased for eight months in a row, influenced by Stellantis/Vauxhall's consolidation of two plants into one, resulting in the closure of the Luton plant and upgrades at Ellesmere Port [2] Group 2: Market Performance - Overall car production for the UK market increased by 46.9% to 14,589 units, while export output declined by 10.6%, with shipments to the top five export markets (EU, US, Türkiye, China, and Japan) all experiencing reductions [3] - A total of 48,537 cars were produced for global markets, accounting for over 76.9% of total output [3] Group 3: Regulatory and Investment Climate - The week was mixed for the sector, highlighted by the commencement of next-generation volume electric car production in Sunderland, contrasted with the European Commission's plans to impose new CO2 targets and public subsidies tied to vehicles made in the EU [4] - The SMMT emphasized the need for the UK to avoid unnecessary complexity and uncertainty that could deter business investment decisions [5]