UK Auto Production Up 10.4% in June image

According to SMMT, auto production in the UK increased 10.4% in June to 131,586 units.

The report published by the U.K. Society of Motor Manufacturers and Traders shows that auto production in the UK increased 10.4% last month to 131,586 units and 1.1% in the first six months of the year to 764,390 units. Mike Baunton, the SMMT’s interim chief executive, said that production levels have been held back by sluggish demand in several European markets, but the 19% increase in the UK was encouraging. Commercial vehicle output increased 1.4% year-on-year to 8,480 vehicles.

“Our industry is building and developing innovative, high-quality products that appeal to a global customer base and because of this, independent analysts are confident that car output will grow in the long-term despite economic concerns on the continent,” said Mike Baunton.

In May, UK production dropped 8.4% after an increase of 17% in April. Still, output was kept at high levels thanks to strong demand for vehicles built in the UK, such as JLR’s Evoque and BMW’s Mini, in markets such as China.

“Production levels are holding firm for the year so far, testament to the appeal of UK-built products around the world and significant growth in volumes built for the home market,” said Mike Baunton, interim chief executive of SMMT.

Source: finanznachrichten.de