‘Steady growth’ in UK car manufacturing during May
Latest figures from the Society of Motor Manufacturers and Traders (SMMT) reveal a steady growth in UK car manufacturing in May, with 119,338 cars built – a rise of 2.3 per cent. The strong domestic market once again played a significant part with a 13.3 per cent increase outweighing a small dip (-0.2 per cent) in production for export.
Looking ahead, the industry is gearing itself up for a more prolonged period of growth in the mid- to long-term, as multi-billion pound investments will see new models hitting the production line.
Mike Hawes, SMMT Chief Executive, said, “We have seen a steady performance in UK car manufacturing this year with volumes bolstered by a strong home market, while recovery in key European markets is helping to restore export production levels.
“Long-term, the picture is promising: ‘Built in Britain’ is still in high demand all over the world, with buyers attracted not only by iconic British brands but also by the high quality of our engineering. With a significant number of new models due to start production in the coming months, we anticipate a strong, sustained upturn in output volumes in the years ahead.”