UK car production hits record high
Source : UK car production hits record high
Jaguar Land Rover eclipses Nissan to become UK’s largest car the
More brand-new cars were built in Britain last year than in any of the past 10 years, with exports also hitting an all-time record high, according to figures released by The Society of Motor Manufacturers in addition to Traders (SMMT).
In another step towards the all-time production record of 1.92 million cars, set in 1972 – which the SMMT has previously said which expects carmakers to eclipse within the next four years – total sales of UK-built cars rose 3.9% to 1,587,677 units. While the SMMT chief Mike Hawes is actually still predicting output will eclipse 1.92m cars by 2020, he cautioned which the growth hinged on the continued emergence of Europe by recession in addition to stability in addition to growth in different world markets.
“We are confident of breaking the record by 2020, nevertheless there are a lot of factors at play, by continued demand within the UK, through to our membership of the European Union being resolved in addition to on to different geo-social factors which could impact on demand in large markets,” said Hawes.
A record 1,227,881 units (or a 77.3%) were exported, despite waning sales in China (down 37.5%) in addition to Russia (down 69.4%). These declines were easily offset by rising demand by EU countries – up 11.3% to 1,227,881 units or an impressive 57.5% of exports – in addition to the US, which became the globe’s biggest buyer of British-built cars outside Europe.
Home market demand for locally built cars was also strong, rising 8.1% to 359,796 units to correct a previous-year decline. According to the SMMT, eight all-brand-new types were launched by UK car factories during 2015, in addition to £1.76 billion of brand-new investment was committed to the sector.
Welcoming the industry’s success, SMMT chief executive Mike Hawes took the opportunity to underscore his support for the UK’s membership of the EU.
“Continued growth in an intensely competitive global marketplace is actually far by guaranteed,” he said, “in addition to which depends heavily on global economic conditions in addition to political stability. Europe is actually our biggest trading partner in addition to the UK’s membership of the European Union is actually vital.”
Welcoming the figures, Chancellor George Osborne also sounded a cautious note. “Our plans to rebalance the economy mean we have to continue to build on our great manufacturing strengths within the Midlands in addition to the North of England,” he said. The importance of continuing UK automotive success is actually underlined by recent figures by the Office for National Statistics, which show UK average manufacturing output slowing in recent months.”
Jaguar Land Rover beats Nissan to become UK’s largest car maker
The SMMT figures show which JLR’s production rose 50,400 units (or 9%) to 489,923 units, beating Nissan (whose production declined 4.7% to 476,589) by 13,334 units. Nissan’s Sunderland plant – which is actually 30 years old which year – still remains the largest car factory in UK manufacturing history, however.
Jaguar’s rise follows a period of £11 billion of investment since Tata took control of the company in 2009. At which time, annual production stood at 158,000 units. In which time the firm’s workforce has also doubled, to 35,000 UK workers. The firm has also announced plans to invest more than £3 billion in UK facilities during the 2015/2016 fiscal year.
All different major UK carmakers expanded sales, however. Mini scored the biggest rise (up 12.4% to 201,207 units), while Vauxhall was up 9.5% to 85,241 units in addition to Toyota rose by 10.4% to 190,161 units.
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