Thursday, 19 November 2015

UK car production figures have risen to it's best since 2005, with month after month of growth.

UK CAR MANUFACTURING (data for October 2015)
  • Year-to-date UK car production volumes best since 2005, with 36,000 more units made this year than last.
  • Exports drive demand, with more than one million British-built cars shipped to global markets in 2015.
  • Month-on-month October output sees marginal dip as key brands gear up production of new models.
British car manufacturing has hit its highest level for the year-to-date in a decade, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). 

A total of 1,318,452 new cars rolled off UK production lines in the first 10 months of the year, the best performance since 2005 and up 2.8% year-to-date. Exports drove volumes in October, with foreign demand up 1.5%, while the domestic market fell marginally month-on-month.
Mike Hawes, SMMT Chief Executive, said, “Despite a small drop in overall output last month, the industry has delivered a robust performance so far this year, particularly in terms of exports. Given the slowdown we've seen in several key global markets in recent months, UK automotive manufacturing still remains in a strong position.”
Car manufacturingOct-14Oct-15% ChangeYTD-14YTD-15% Change
Total150,060148,976-0.7%1,282,0801,318,4522.8%
Home33,89531,078-8.3%281,791309,0769.7%
Export116,165117,8981.5%1,000,2891,009,3760.9%
% export77.4%79.1% 78.0%76.6% 
Car output – rolling year totals UK vs. home

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