Europe: UK automotive production surges in May thanks to internal demand image

British automotive output soared by 2.3 percent to a total of 119,338 vehicles last month, said the auto industry group the Society of Motor Manufacturers and Traders (SMMT).

The industry watcher’s data showed the increase in production was due to a 13.3 percent jump in the number of cars that were manufactured for internal usage. Meanwhile, the number of vehicles scheduled for export, with the latter representing about four in five of all British-made autos, marginally slid by 0.2 percent to 94,546 units. Great Britain has been a crucial manufacturing hub for numerous automakers – not only the traditional British brands – with makers using its technological prowess to underscore a regional presence. But now exports have been down in recent months because of slowing demand in China – UK’s largest non-EU export market last year – and the massive plunge in deliveries in Russia, the country’s third-largest non-EU auto export location.

The Society of Motor Manufacturers and Traders chief executive Mike Hawes commented in a released statement the crucial European Union markets, which have been on the rise in recent months, with Britan sending there more than half of all its auto exports, would also help in coming months the internal production output. “We have seen a steady performance in UK car manufacturing this year, with volumes bolstered by a strong home market, while recovery in key European markets is helping to restore export production levels,” read his comments. But auto industry executives are now fearing an upcoming political move could upset their interests in the UK, with a possible exit of the country from the European Union.

Via Reuters