New research from the Society of Motor Manufacturers and Traders (SMMT) reveals car production here in the UK is doing extremely well.
For the first 6 months of 2015, output has risen by 0.3% to 793,642 in comparison with the same time of year in 2014. This year – in June alone, the building of cars rose by 5.4% to 143,759 from 136,419 cars built in the same period last year.
It is interesting to compare the number/percentage of cars manufactured for both the UK and export markets in June this and last year. If you take June 2015, some 28,351 cars were built for the UK market that was a drop of 7.1% when compared with June 2014 when 30,532 were built. If you look at the number of cars manufactured for export in June 2015, there were 115,408 that is a rise of 9% from the 105,887 that were built in June 2014. This is the reverse of what had been happening this year as in the first 6 months of 2015 the UK car manufacturing market rose by 13.7% and the export market dropped by 3.3%.
It just goes to show the difference an investment in the car manufacturing sector can make. There has been a considerable amount of money spent by some car builders in bringing new makes to market.
Hopefully the increase in cars being built in the UK will benefit various parts of the motor trade industry. For example, increased production will also benefit those businesses involved in car sales, the sale of parts and the servicing and repair of vehicles to name but a few.