Tag: Automakers

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UK auto production for May 2025 slumps to lowest level since 1949

UK auto makers production slumps

New car and commercial vehicle production in the U.K. dropped by 32.8% last month, totalling 49,810 units, as reported by the Society of Motor Manufacturers and Traders (SMMT).

Excluding 2020, when factories were closed during Covid-19 lockdowns, U.K. vehicle production in May 2025 dropped to its lowest level since 1949 – that’s the worst performance in 75 years!

The significant drop in car production is largely attributed to ongoing model updates, restructuring efforts, and the effects of Trump’s tariffs, according to SMMT.

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Chinese auto sales overtake U.S. for the first time

EV competition

For the first time, automotive companies in China surpassed their U.S. counterparts in car sales last year, driven by BYD and expansion in emerging markets, according to a data released Thursday 13th July 2024.

Chinese brands such as BYD now at the forefront, reportedly sold 13.4 million new vehicles last year. In comparison, American brands sold approximately 11.9 million units. Japanese brands remained at the top with 23.59 million sales.

China’s sales growth rate surpassed that of the U.S., with a 23% rise from the previous year compared to the U.S.’s 9% increase.

The consistent high pricing by legacy automakers has inadvertently steered consumers towards more affordable Chinese alternatives.

No surprise here then as manufacturers milked profits from legacy lineups!

Tariffs have now been introduced on China to curb their automakers runaway success.