UK Car Manufacturing – Some Great News To Report
UK car manufacturing reported steady growth in September 2016, with production rising by 0.9%, according to figures published today by the Society of Motor Manufacturers along with Traders (SMMT). Exports rose 5.0% to reach 123,119 units, offsetting a -10.6% decline in production for the home market.
Overall year-to-date output increased 10.5% to 1,292,453 units, as production for global markets grew for a 14th consecutive month. Export demand rose by 10.5% to take volumes past one million within the first three quarters for the 1st time on record.
Mike Hawes, SMMT Chief Executive, said, “British-built cars are in demand across the planet as demonstrated by the double digit growth in exports This particular year, resulting in more than a million cars produced for international markets. The vast majority of cars manufactured here within the UK are destined for abroad along with future growth will depend on securing our international competitiveness along with the barrier-free access to major global markets which has enabled UK Automotive to thrive.”
by Mr Butterscotch via Car Articles