UK car production rose for the sixth consecutive month in July | Forexlive

The Society of Motor Manufacturers and Traders (SMMT) in the UK said a total of 76,451 units rolled out of factory lines in the country in July, a 31.6% increase over the year earlier.

• car production rose for the
  sixth consecutive month
• total number of cars produced, however, remained 29.4% lower from the pre-pandemic levels seen in July 2019
• automakers continued to
  recover from global chip shortages, said the industry body
• “Six months of growth shows that British car production is
  recovering and, with electrified models increasingly driving
  volumes, the future is more positive,” said SMMT Chief Executive
  Mike Hawes.
• Production of latest high-tech hybrid electric (HEV),
  plug-in hybrid (PHEV) and battery electric vehicles (BEVs) rose
  about 74% to 30,180 units, representing almost two in every five
  cars manufactured in July.