UK car manufacturing at strongest in 16 years
By Kyle Lindsay
Thursday, October 23, 2014 - 10:33
Daniel and Wendy, Škoda owners, happiest people in the UK?
UK car manufacturing sees best year-to-date performance since 2008
Figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed that more than 1.13m cars have rolled off production lines in British factories so far this year. This is up 0.6% on last year and the best performance over the period since 2008.
However, car manufacturing fell 2.8% in September with 137,068 cars made. The number was dragged down by cars built for export, which were down 8.1% at 102,947. Cars made for UK buyers however were up 17.7% at 34,121 amid thriving domestic demand for new cars.
“The continued investment by the sector into new models means the September figures took a slight dip as some plants underwent re-tooling but it is these same new models which will help increase production volumes in the future,” said Mike Hawes, the SMMT’s chief executive.
The SMMT said the drop in output in September was due to re-tooling of production lines as factories prepared for model changes, but the fall in exports also coincides with a renewed slowdown in the eurozone which is the UK’s main trading partner.