UK car industry grows as car production tops one million in July

Automobile production topped a million automobiles in the first 7 months of the year for the first time since 2004 and comes in spite of the UK voting to leave the European Union this year.

The Society of Motor Manufacturers and Traders (SMMT) stated that output increased 7.6pc in July compared to 2015, with vehicles produced in the very first seven months amounting to 1.023m.

Exports were up by 6pc last month, with a 14pc increase in output for the domestic market.

More than three-quarters of a million automobiles constructed in the UK this year were for abroad markets – nearly four from five of all vehicles produced.

Mike Hawes, SMMT president, stated, “UK car production in 2016 is growing, with brand-new British-built designs in demand throughout the world.”

While Mr Hawes included that the performance flew in the face of the dire cautions from the Remain camp ahead of the vote, he stated it was vital that policymakers guaranteed that Britain stayed open for business.

“Manufacturers have invested billions to develop interesting brand-new models and produce them competitively here in the UK,” he said.

“Future success will depend on continued new car need and attracting the next wave of investment so Britain need to demonstrate it remains competitive and open for business.”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.