News

UK car manufacturing up 13%

The Society of Motor Manufacturers and Traders (SMMT) has said the number of cars built in the UK last month increased by more than 13% compared to a year earlier. The total number built in February was 146,955 [1].

Output was 10.6% higher over January and February than it was over the same period last year [1].

The UK exported 104,880 cars, and sold 42,075 into the home market last month [2].

SMMT Chief Executive, Mike Hawes, said: “The UK automotive industry’s impressive growth continued into February, with demand from both domestic and overseas customers showing no signs of slowing. The outlook for the sector is bright, but much will depend on global political and economic conditions in the months and years to come” [2].

Year-to-date production is up 6.3% on 2015 [3], with 1.6 million cars built in the UK last year [2].

This adds further strength to the manufacturing sector, after the SMMT announced its highest number of new car registrations in February since 2004, earlier this month.

Industry analysts are predicting car output will reach record levels of around two million units by 2017, overtaking the 1972 record of 1.92 million [2].

[1] City AM. ‘UK car manufacturing climbs 13% in February as domestic sales accelerate – SMMT’. cityam.com
[2] BBC News. ‘UK car manufacturing output jumps 13% in February’. bbc.co.uk
[3] SMMT. ‘Healthy growth for engine production in February’. smmt.co.uk