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UK: Car manufacturing rose 10.7% in August

UK: Car manufacturing rose 10.7% in August

Car manufacturing rose 10.7 percent in August and is 4.4 percent up over the first eight months of 2011, the Society of Motor Manufacturers and Traders (SMMT) reported Thursday.

Factories turned out 86,250 cars in August 2011, taking the total number of cars produced in the year to date to 847,196 — a rise of 4.4 percent compared with 2010. However the number of cars to be sold on the domestic market fell by 9 percent on the year to 18,962 Reuters said.

UK car production for export markets was up 18.0 percent on the year while domestic production was down 9.2 percent. In the year-to-date through August, car output was up 4.4 percent.

“A manufacturing-led recovery is taking shape with August’s automotive output up more than 10% and a recent wave of private investment securing long-term growth for the UK sector,” said Paul Everitt, SMMT Chief Executive. “We are on target to exceed 2010 production volumes this year, with more growth to come in 2012. Government must continue to encourage and incentivise private sector investment in R&D, skills and capital equipment to maintain momentum and deliver lasting opportunities for the UK supply base.”

SMMT Ltd

Cars

Commercial Vehicles

Total Vehicles

Total Engines

Data:

Aug-11

YTD-11

Aug-11

YTD-11

Aug-11

YTD-11

Aug-11

YTD-11

Total

86,250

847,196

6,433

76,980

92,683

924,176

132,501

1,645,106

% change

10.7%

4.4%

9.3%

-4.0%

10.6%

3.7%

14.4%

4.8%

Export

67,288

699,333

3,568

44,868

70,856

744,201

88,308

1,194,132

% change

18.0%

18.9%

-0.4%

-18.7%

16.9%

15.7%

8.2%

4.9%

% of total

78.0%

82.5%

55.5%

58.3%

76.4%

80.5%

66.6%

72.6%

Home

18,962

147,863

2,865

32,112

21,827

179,975

44,193

450,974

% change

-9.2%

-33.8%

24.5%

28.4%

-5.8%

-27.5%

29.2%

4.4%

% of total

22.0%

17.5%

44.5%

41.7%

23.6%

19.5%

33.4%

27.4%


by DUDU - Thursday, September 22nd, 2011 - filed under Industry, News, Sales Reports. Image credit: INA. Visited 612 times, 1 so far today
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