British auto manufacturing has grown almost 16 percent last month year over year thanks to increased demand for exported autos, announced the national automotive industry body on Thursday.
The Society of Motor Manufacturers and Traders, the British industry association, reported car production soared by 15.5 percent in September compared to the same period last year to 158,281 autos. “Particularly encouraging is the recent upturn in exports, which are higher than they were in 2014, reflecting growth in key overseas markets such as the rest of Europe,” commented SMMT chief executive officer Mike Hawes. The year to date volume has grown 3.3 percent. Production for the internal market led the hostilities with a rise of 20.1 percent and the higher tally exports were also up 13.9 percent. The results cement the forecast by SMMT that UK car manufacturing would reach a record production quota by the turn of the decade. “After the regular summer break, manufacturing plants were back in full swing in September and the gains made by the UK’s car makers are positive,” added Hawes.
Additionally, the UK commercial vehicle industry more than doubled its production level for the same month of September, reaching a tally of 9,811 units. Both domestic and export volume were significantly up, at 94.3% and 113.9% respectively. The production rate after the first nine months has reached more than 70,000 autos, compared to 50,000 during the same period last year.