August sees 14-year high for UK car production 0

The Society of Motor Manufacturers and Traders has hailed August as the highest month for car production since 2002.

The trade body revealed that 109,004 vehicles were produced in UK car plants last month, an increase of 9.1% on August of 2015.

Both at home and overseas, there was an increase in demand following investment in UK car plants, according to the SMMT.

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Mike Hawes, the SMMT chief executive said it was, “good news for car makers and welcome news for the UK economy”.

“[The UK] depends on this thriving sector for an increasing share of UK exports,” he said. There were fears that the UK’s exit from the EU would throw the British manufacturing industry into turmoil, but there has been little noticeable impact so far.

A representative of the SMMT warned that it was “too early to tell” what the real implications of Brexit on the car economy would be.

The figures released showed an increase in demand from British customers of 6.2%; export volumes were up 10.2%.

The total amount of cars made in the UK so far this year stood at 1.1 million, a 12% increase from last year.

Mr Hawes said, “British car producers are exporting a diverse range of high quality, attractive new models that are in demand across the world.

“[This is} thanks to multi-billion pound investments made in UK plants over the past few years”.

Success in the future would depend on “continued investment in plants and products”.

“That in turn depends on the UK maintaining internationally competitive business and trading conditions.”

photo credit: BBC