/ Industry, News / British car industry ready for 2014 growth

British car industry ready for 2014 growth

Linked In Share
British car industry ready for 2014 growth

As executives dismiss fears of a saturated market and look ahead to another bumper year in Europe’s fastest-growing new car market, the UK car industry expects to smash official growth forecasts for 2014.

Those official forecasts expect strong growth to level off in 2014, with about a 1 % increase in sales of new cars. But some of the UK’s biggest-selling carmakers have said they are expecting growth of close to last year’s 10 % plus, as Britain’s economic rebound continues to gather steam and consumer confidence rises.

Surging car sales in the UK, Europe’s largest market for new cars after Germany, have been among the most visible signs of confidence in the emergence from recession. With annual turnover of £ 40 billion and employing over 700,000 people, the UK car industry is fuelling exports and its success can be expected to feed through to other parts of the economy.

Sales growth in 2013 was fuelled mainly by an abundance of cheap credit. The Society of Motor Manufacturers and Traders, the UK trade body, has cautioned that the country may have reached a plateau of new vehicle demand, with its forecast for a 1 % rise in new car sales in 2014.

Vauxhall, the UK’s second-biggest car brand by sales, is expecting growth of about 8 % in 2014, while Japanese carmaker Nissan has said it expects market performance this year in line with 2013, the biggest-selling year since 2007. Toyota and Hyundai both expect to see their sales rise 5 and 4 % respectively, the companies said.

Via Financial Times

by Aurel Niculescu (my Google+) - Monday, January 27th, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
2014 forecasts sales uk


Discuss: British car industry ready for 2014 growth

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Alonso says 2015 team not Mercedes-powered
Alonso says 2015 team not Mercedes-poweredOct.12 (GMM/Inautonews.com) Fernando Alonso dropped a big hint about his future after Sunday's Russian grand prix. Wild rumours ...
Kobayashi hints Caterham suffering parts shortage
Kobayashi hints Caterham suffering parts shortageOct.12 (GMM/Inautonews.com) Kamui Kobayashi threw fresh doubt on Caterham's future during the Russian grand prix. The Japanese, ...
Mercedes not backing down amid ‘unfreeze’ pressure
Mercedes not backing down amid ‘unfreeze’ pressureOct.12 (GMM/Inautonews.com) Mercedes is unlikely to back down amid pressure from F1 rivals to agree to relax the current engine ...
Verstappen with Vergne ‘makes sense’ for 2015 – Tost
Verstappen with Vergne ‘makes sense’ for 2015 – TostOct.12 (GMM/Inautonews.com) Jean-Eric Vergne is now a hot contender to keep his seat at Toro Rosso next year. The Red ...
Vettel as Ferrari teammate would be ‘nice’ – Raikkonen
Vettel as Ferrari teammate would be ‘nice’ – RaikkonenOct.12 (GMM/Inautonews.com) Kimi Raikkonen has admitted it would be "nice" if he is paired at Ferrari with Sebastian Vettel next ...
Sirotkin confident of 2015 debut
Sirotkin confident of 2015 debutOct.12 (GMM/Inautonews.com) Sergey Sirotkin is suddenly sounding confident he will make his F1 debut in 2015. The Russian teen ...
F1 to test yellow flag speed limits in Austin
F1 to test yellow flag speed limits in AustinOct.12 (GMM/Inautonews.com) F1 looks set to test new software and procedures next time out in Austin that will automatically ...
Mercedes poised to win constructors’ title
Mercedes poised to win constructors’ titleOct.12 (GMM/Inautonews.com) Mercedes is expected to wrap up the constructors' world championship in Russia later on ...
F1 told to be ‘silent’ during Russian anthem
F1 told to be ‘silent’ during Russian anthemOct.12 (GMM/Inautonews.com) Drivers and team personnel have been ordered to fall silent when the Russian anthem is played on the ...
Alonso eyes Williams as sabbatical ‘risk’ grows
Alonso eyes Williams as sabbatical ‘risk’ growsOct.12 (GMM/Inautonews.com) Williams is the latest team sensationally linked with Fernando Alonso's uncertain future. The ...
Rivals pressure Mercedes to agree engine ‘unfreeze’
Rivals pressure Mercedes to agree engine ‘unfreeze’Oct.11 (GMM/Inautonews.com) Rivals are piling pressure on Mercedes to agree to "unfreeze" engine development in formula ...
Schumacher ‘waking up slowly’ at home – Moncet
Schumacher ‘waking up slowly’ at home – MoncetOct.11 (GMM/Inautonews.com) Ten months after his skiing fall, Michael Schumacher is now "waking up very slowly" from his serious ...
Mateschitz says Red Bull ‘doesn’t need’ Vettel
Mateschitz says Red Bull ‘doesn’t need’ VettelOct.11 (GMM/Inautonews.com) Red Bull mogul Dietrich Mateschitz insists he is "not disappointed" to be losing world champion ...
Alonso to take Movistar to next team – report
Alonso to take Movistar to next team – reportOct.11 (GMM/Inautonews.com) A week after Sebastian Vettel blew the 'silly season' wide open, little else is clear about the ...
‘Growing concerns’ about Bianchi’s condition – reports
‘Growing concerns’ about Bianchi’s condition – reportsOct.11 (GMM/Inautonews.com) At least four major publications believe there are "growing concerns" about the health condition of ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

bugatti veyron penis 1
nissan terrano anniversary edition 1
Lamborghini-Gallardo-Malaysia-Limited-Edition-crash-Malaysia 1
ford mustang europe 16
bmw i8 tuning german special customs 8
2015 Holden VF Commodore 4
2015 subaru impreza facelift 6
maserati ghibli s q4 neiman marcus 1
ferrari ff hand painted artist duaiv 1
Renault Captur Signature 1
2015 mazda mx-5 shooting brake 1
Nissan Pulsar SSS Heritage Edition 1

More automotive from inautonews
When talking about expensive passions, the options are quite limitless and they are usually fenced by your willingness to write zeros on the checkbook. In this category falls the latest offering from Neiman Marcus. If the Neiman Marcus Maserati Ghibli S Q4 seemed too much of a car for you, and you ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...
Test Drive: BMW X4 xDrive30d
Test Drive: BMW X4 xDrive30d The newest crossover to make its way into BMW’s lineup is the X4. This is based on the X3 and it is basically a smaller version of the X6, aimed ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Australian recall roundup: New-gen Mercedes-Benz C-ClassThe new generation of the Mercedes-Benz C-Class is the subject to a recall in Australia, because of ... Recall roundup: Ram ProMaster and C/V TradesmanThe North American based automaker Chrysler Group has recently issued a recall affecting the Ram ...
Safety Section