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UK Auto makes one million vehicles and welcomes £23.7 billion investment boost

SMMT

in 2023, its best growth rate since 2010, with the total retail value of all models made coming in at more than £50 billion. 4 While 191,247 cars were built for domestic buyers, the lion’s share of output was shipped overseas, evidence of the contribution automotive exports make to the UK economy. Overall, UK car production rose 16.8%

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Exports propel UK auto output in 2023 – and sharp policy can give us the edge

SMMT

Record electrified car volumes also helped the total value of all cars made surpass £50 billion – while commercial vehicle output was at its highest since 2010. Measures already announced must now be delivered, such as the government’s Advanced Manufacturing Plan and full implementation of Harrington Review recommendations on trade and FDI.