UK car manufacturing reached the highest level since 2008 last year, with nine percent more cars being produced compared to 2011.
This is largely due to a rise in exports, as car plants in the UK shipped 8 percent more cars overseas than in 2011. According to the latest figures from the Society of Motor Manufacturers and Traders, exports of cars built in the UK are at their highest levels since records began.
1,464,906 cars were built in the UK in 2012, of which 1,212,031 were exported. 252,875 UK-built vehicles were sold in the home market, an increase of 15.4 per cent. However, commercial vehicle production was down by 6.8 per cent year on year, as well as engine production, which fell by 0.3 per cent to 2,495,371. As with cars, most of the engines built in the UK are exported.
“The outlook for 2013 remains positive with demand in many faster growing global markets offsetting the continued weakness in European economies. The £6 billion of investment committed to UK facilities, new model programmes and R&D signals a bright future and many new opportunities for companies in the supply chain,” said Paul Everitt, SMMT chief executive.
by Dan Mihalascu
) - Thursday, January 17th, 2013 - filed under Industry
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