The UK auto market reached record exports in 2012 of 1.2 million vehicles, an increase of 8% from 2011.
As the European debt crisis continues to affect all markets and the majority of countries on the continent reported dramatic declines last year, the UK managed to reach an increase in auto sales last seen in 2008. Auto production in 2012 increased 9% to 1.46 million vehicles, up 6% in December alone.
Paul Everitt, SMMT Chief Executive said: “2012 was a very good year for UK car production with record levels of exports and volumes at their highest since 2008. The outlook for 2013 remains positive with demand in many faster growing global markets offsetting the continued weakness in European economies.”
He added that the £6 billion invested in the UK plants, R&D and new model programmes is the proof that auto industry has a bright future ahead. Still, as the European market faces challenging times, it is of utmost important for the industry and the government to work together to accomplish a long-term growth.
Analysts believe that one reason for UK’s record sales is the fact that this market produces good quality vehicles, which are in high demand. Land Rover models sold particularly well in Russia and China, and Nissan made huge investments at its Sunderland plant, adding new models which sold very good overseas.