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UK: Car manufacturing rose by 7.5% in September

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UK: Car manufacturing rose by 7.5% in September

Car manufacturing rose by 7.5% in September and is up 4.8% over the first nine months of 2011, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday.

“September saw a 7.4% increase in UK vehicle manufacturing, confirming a positive trend we expect to continue into 2012,” said Paul Everitt, SMMT Chief Executive.

“Major new investment by vehicle manufacturers is opening up opportunities for UK-based suppliers, helping to drive the economic recovery and private sector investment.”

To date, 2011 has seen a number of high-profile announcements regarding investment, production expansion, new vehicle models and the safeguarding of employment within the UK’s automotive sector.

These have amounted to the creation of around 7,400 new jobs, the safeguarding of over 12,000 jobs, investments worth over £3.9 billion either directly in UK automotive or in automotive supply chain activities, nine new vehicle models and long-term announcements to manufacture three next generation vehicle models in the UK.

2011_september_automotive_production

However, there were 332,476 new 61-plate cars registered in September this year, 0.8% less than a year ago. New car demand over the first three quarters of the year was down 5.0%.

by Mircea Serafim (my Google+) - Thursday, October 20th, 2011 - filed under Industry, News. Image credit: BMW Ag.
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automotive supply cars economic recovery first nine months investments new jobs private sector investment production expansion smmt society of motor manufacturers and traders three quarters uk car vehicle manufacturers


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