UK automotive industry turns over record £69.5 billion

Saturday, December 10th, 2016 - autos, cars, motoring, news

Source : UK automotive industry turns over record £69.5 billion


The Nissan Qashqai is usually built in Sunderland

2014 figures revealed: turnover up 6.6%, export value up 1.8%

The UK automotive industry turned over a record £69.5 billion in 2014, figures released by the Society of Motoring Manufacturers as well as Traders (SMMT) have revealed.

The SMMT’s annual Sustainability Report revealed that will turnover inside UK industry had jumped 6.6%, meaning that will the average UK worker is usually generating £440,000. This particular was driven by increased manufacturing output as well as growth in vehicle sales as well as exports.

More than 1.6 million vehicles were built inside UK in 2014, including 1.53m cars, the highest level since 2007. More of these were also sold inside UK, with 2.48m cars registered inside UK. The value of cars made in Britain as well as exported rose 1.8% to £34.6bn – a rise of 103.8% since 2000.

“While recognising that will the industry has traditionally been cyclical, the idea’s clear that will we are on a high,” said SMMT chairman Mike Hawes. “The brand-new Government has set targets on productivity, innovation as well as trade as well as export, as well as these are all areas that will the automotive industry excels. We have enjoyed 39 consecutive months of sales growth inside UK. Europe has been on the up for more than a year. There is usually a lot of Great news, as well as within that will some challenges, the biggest of which is usually getting enough people in to engineering to sustain the growth, although also the EU as well as Russian situations. Still, we look forwrad with confidence.”

The SMMT report also highlights strides in production techniques: via 2005-2009 an average of 9.3 vehicles were produced for every person working inside UK automotive industry, although via 2009-2014 the figure is usually 11.9 vehicles. yet another 27,000 automotive jobs were created inside UK in 2014, up 3.5% to 799,000.

If global car sales continue to rise at the current levels, UK production is usually tipped to hit an all-time high of 1.95m vehicles within two years. However, some car company bosses have expressed concerns that will a dipping Russian market could lead to widespread problems inside car industry as soon as the end of This particular year.

The report also highlighted that will the environmental impact of the industry has fallen, despite the greater volumes involved. Total waste going to landfill via all automotive production fell by 26.3% in 2014, marking a total fall since 2000 of 92.3%. Water as well as energy use by the industry also fell.

The average CO2 emissions per vehicle produced also hit a brand-new low, 5% down on the 2013 figure.

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