Sunday, 30 October 2016

Overall output for first three quarters rises 10.5% as exports grow 12.2% to hit 1,000,642, even with a decline at home.

UK CAR MANUFACTURING (data for September 2016)
  • UK car manufacturing volumes increase by 0.9% in September with 159,726 vehicles produced.
  • Overall output for first three quarters rises 10.5% as exports grow 12.2% to hit 1,000,642.
  • Overseas demand drives production, up 5.0% to 123,119 units, while home market falls -10.6%.
UK car manufacturing reported steady growth in September, with production rising by 0.9%, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). Exports rose 5.0% to reach 123,119 units, offsetting a -10.6% decline in production for the home market.
Overall year-to-date output increased 10.5% to 1,292,453 units, as production for global markets grew for a 14th consecutive month. 
Export demand rose by 10.5% to take volumes past one million in the first three quarters for the first time on record.
Mike Hawes, SMMT Chief Executive, said, “British-built cars are in demand across the world as demonstrated by the double digit growth in exports this year, resulting in more than a million cars produced for international markets. 
The vast majority of cars manufactured here in the UK are destined for abroad and future growth will depend on securing our international competitiveness and the barrier-free access to major global markets that has enabled UK Automotive to thrive.”

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