UK car production continues to accelerate 0

Emissions cheater who? September scandal hasn’t slowed down the UK car industry. Sorry 1972, looks like we’ll be beating your record by 2020.

The Society of Motor Manufacturers and Traders (SMMT) have announced that UK car production output grew by 15.5% last month compared to September 2014. 151,281 new cars were manufactured this September, making the total for the year-to-date nearly 1.2 million, also an increase on last year by 3.3%.

SMMT-Servicing Stop

Mike Hawes, chief executive at SMMT, says, “After the regular summer break, manufacturing plants were back in full swing in September and the gains made by the UK’s carmakers are positive. Particularly encouraging is the recent upturn in exports, which are higher than they were in 2014, reflecting growth in key overseas markets such as the rest of Europe.

The UK’s recent manufacturing successes are hard won and the sector will need ongoing investment and innovation to maintain global automotive competitiveness.”

It’s predicted that at the current growth rate, UK car sales will increase from 1.5 million, to 2 million a year by 2020. The current record is 1.92 million in 1972, the year of the Ford Cortina. This push forward, according to the SMMT, will also lead to an estimated 28,000 new jobs in manufacturer’s production plants and supply companies over the next five years.

The company has also said premium manufacturer’s car production is expected to increase from 37% in 2010 to 54% in 2020, due to the growing global demand for products of high quality and high value. “This report is further proof of the growing stature of the UK as a global destination for high quality vehicle manufacturing,” says Hawes.

Sales-of-cars-up-this-year

It looks like September was an excellent month for the car industry (minus Volkswagen), with percentage increases across the board. The UK market rose up by 20.1% from last year and exporting increased by 13.9%. It was also revealed earlier this month that September set the record for new cars sold, with a rise of nearly 9% on last year.

Analysts have predicted that new car sales will eventually drop, although they can’t know when. By the end of 2015 we’ll see how damaging the Volkswagen emissions scandal has truly been on the global car industry, but for now we can celebrate positive increases in sales and output.