- UK car output rises 7.8 per cent in July as manufacturers ramp up production
- After seven months of decline, production increases 17.7 per cent
- Production passes the one million mark and in line with expectations
Despite fears of an impending recession, UK car manufacturing rose 7.8 per cent in July, with 136,397 new units rolling off UK production lines, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
Production for the UK bounced back in July, after seven months of decline, rising 17.7 per cent – an increase of 4490 units – while exports also grew by 5.3 per cent. Cars made for overseas buyers represented nearly 80 per cent of output in the month with 106,525 units shipped abroad, compared with 29,872 which stayed in the UK.
Year-to-date new car production remains solid and has now passed the one million mark, though showing a slight dip of -1.6 per cent compared with 2016, in line with expectations. Since January, overseas customers have taken delivery of 78.8 per cent of new cars made in Britain, with UK manufacturers now exporting cars to more than 160 different countries around the world.
Mike Hawes, SMMT Chief Executive, said, ‘As long as the economic conditions at home and abroad stay broadly stable we expect new car production to stay in line with expectations for the rest of 2017.’