UK car output gets back to pre-recession levels image

Buoyed by strong domestic and overseas demand for British-manufactured cars, the country’s automotive industry sees car production above the 1.5 million unit mark for the first time since 2008.

In September, 12-month output was above 1.5 million cars for the first time since October 2008, thanks to increased sales at home and growing exports to emerging markets such as China and Russia from Jaguar Land Rover and Nissan.

Not long ago, the British auto industry was almost considered inefficient, under funded and uncompetitive – but just like the Phoenix bird in the story, the car industry has underwent a remarkable renaissance in recent years, many saying it was due to its attention towards manufacturing  high-end, high-margin products targeted at faster-growing overseas markets.

“September’s 9.9 % rise in car manufacturing reinforces how the sector is one of the UK’s biggest success stories of recent years,” said Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT).

In support to the government’s hopes of rebalancing the economy more towards manufacturing, investments of £2.6 billion have entered the British automotive industry so far this year, as foreign-owned automakers such as JLR and Bentley increase spending in factories and across the wider supply chain.

Via Financial Times

  • mrspanner

    This is great news, but is it sustainable I wonder. With continued doubt within the EU as to whether the UK will remain a member, despite most countries stating that this is essential to avoid the UK becoming isolated, the uncertainty stops auto parts companies from opening up new facilities here. The German Schaeffler Group with their INA, LuK and FAG brands, in Llanelli, South Wales, do appear to remain consistently loyal to the UK, but it is a well known fact that the automakers like to operate close to the auto parts manufacturers. I think its time for businesses everywhere to start making themselves heard as to remaining a part of the EU and bringing much needed stability to trade with Europe and the rest of the world.

  • charles lowe

    I hope FIAT will start to get good sales soon.I love this company.I have a Maserati Grand Sport and Fiat Abarth,and will buy the Maserati SUV and Alfa C4