UK car manufacturing continues to grow
UK car manufacturing achieved its 12th consecutive month of growth in July, rising 7.6 per cent to 126,566 units compared with the same month in 2015, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
Year-to-date production grew 12.3 per cent to 1,023,723 units – the best performance since 2000, and the first time in 12 years volumes have been greater than one million in the first seven months.
Demand was up both at home and abroad with a 14.1 per cent increase in output for the domestic market and exports up 6.0 per cent to 101,184 units. More than three quarters of a million cars built this year are destined for overseas markets, a 77.8 per cent share of total production volumes.