Because of increased demand in Europe – its main export market, the British car-manufacturing sector returned to growth last month.
According to a statement from the Society of Motor Manufacturers and Traders, for 2014 local car production has so far increased 3% from a year ago, while output in March reached an excess of 142,000 units – a 12% rise over the same month last year.
“After several years in the doldrums, European demand for new cars is now picking up with growth in the last seven months. This is a welcome boost for the UK’s volume manufacturers for whom Europe is the key market,” said Mike Hawes, SMMT’s chief executive.
In the first two months of the year the British output went down as several carmakers, including Jaguar Land Rover, Nissan and BMW reworked their production lines to allow new models to be introduced and Hawes forecasts the UK’s production industry is on pace to reach all-time record levels by 2017 thanks to new models introduction and new investments.
Europe, which usually reaches around 50% of British car exports has been steadily recovering from the almost six years slump in demand, with March’s sales increase of 10% being the seventh consecutive monthly growth.
Via Automotive News Europe
by Aurel Niculescu
) - Thursday, April 24th, 2014 - filed under Industry
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