Strong demand from the overseas markets triggered a 16 percent rise in car production for the last month in the UK.
The UK car production reached 149,334 units built in April, a 16.4% percent increase, thus marking the ninth consecutive month of growth, according to figures released today by the Society of Motor Manufacturers and Traders. The growth driver was once again a solid demand for British-built cars for overseas, as output for export jumped 23.7 percent in April, counterbalancing a 7.8 percent fall in cars made for the domestic market.
April’s figures bolster an already positive 2016 for UK car production, with 588,024 units built in the first four months of the year, up 10.8 percent on the equivalent period in 2015. Last year, the country’s car manufacturing sector hit a 10-year high helped by a 9 percent increase in the number of models made by Jaguar Land Rover, which overtook Nissan to become the UK’s biggest automaker.
“Britain’s car manufacturing sector continues to thrive with a steady domestic market and surging demand from overseas, including our biggest export destination, Europe,” Mike Hawes, SMMT Chief Executive, said. Therefore, the Brexit referendum on June 23 may prove to be a decisive day for the industry, as EU accounts for 60 percent of the UK’s car output. According to a survey on the matter, 77 percent of SMMT members said remaining in Europe would be best for their business.