UK car manufacturing reached a 14 year high in August, with exports driving demand.
UK car manufacturing output increased 9.1% to 109,004 units in August compared with the same month in 2015. This was highest volume recorded for August in 14 years, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).
A total 1,132,727 vehicles have rolled off British production lines so far in 2016, representing year-on-year growth of 12%.
Demand for UK cars rose at home and overseas, with production for the domestic market up 6.2% last month to 27,804 units, while export volumes grew 10.2% to 81,200. In the year-to-date, more than 877,523 cars have been built for international customers – 13.3% more than in the same period last year, demonstrating the ongoing international appeal of British-built vehicles.
Mike Hawes, chief executive of the SMMT, said: “August’s strong performance is good news for car makers and welcome news for the UK economy, which depends on this thriving sector for an increasing share of UK exports. British car producers are exporting a diverse range of high quality, attractive new models that are in demand across the world thanks to multi-billion pound investments made in UK plants over the past few years. Future success depends on continued investment in plant and products and that in turn depends on the UK maintaining internationally competitive business and trading conditions.”
TransportXtra is part of Landor LINKS
© 2024 TransportXtra | Landor LINKS Ltd | All Rights Reserved
Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: subs.ltt@landor.co.uk | Tel: +44 (0) 20 7091 7959
Shop & Accounts Enquires
Email: accounts@landor.co.uk | Tel: +44 (0) 20 7091 7855
Advertising Sales & Recruitment Enquires
Email: daniel@landor.co.uk | Tel: +44 (0) 20 7091 7861
Events & Conference Enquires
Email: conferences@landor.co.uk | Tel: +44 (0) 20 7091 7865
Press Releases & Editorial Enquires
Email: info@transportxtra.com | Tel: +44 (0) 20 7091 7875
Privacy Policy | Terms and Conditions | Advertise
Web design london by Brainiac Media 2020