Companies and Markets
Call us on +44 (0) 203 086 8600
Market Research A to Z | Company Profiles A to Z | RegisterRegister | Contact UsContact Us | Shopping Basket Shopping Basket
+44 (0) 203 086 8600 Call us on

UK automotive production reaches highest level since 2007

Industry Sector

Automotive and Parts

Published

17 January 2013

Author

Matt Bodimeade

Type of News

Market

Record exports last year lifted production within the UK automotive industry to its highest level since 2007, the Society of Motor Manufacturers and Traders (SMMT) announced today.

UK factories built 1.46 million cars in 2012, the SMMT said, of which 1.21 million were shipped abroad.

Production was up 9% and exports 8%, despite the fact that separate data on Wednesday showed car sales in the EU hit a 17-year low last year.

The largely foreign-owned car industry has been one of the few bright spots in the British economy, which needs all the help it can get to avoid a third period of contraction since the 2008 financial crisis.

On Sunday Jaguar Land Rover, owned by India's Tata Motors, said that it plans to create 800 jobs at a factory in central England to help it to meet rising demand for its premium cars in China and elsewhere.

Although more than 80% of cars manufactured in the UK are exported, production figures were boosted by strong domestic demand.UK automotive production

Total new car registrations in the UK rose 5.3% in 2012, according to separate data from the SMMT, helping to drive up domestic demand for UK-manufactured cars by 15%.

Of the UK's car exports in 2012, 50% went to other parts of the EU, with another 15% going to the rest of Europe, 16% went to Asia (of which 8% to China) and 13% to the US, the SMMT said.

The outlook for 2013 remains positive, with demand in many faster-growing global markets offsetting the continued weakness in European economies.

For more information on the UK automotive industry, see the latest research: UK Automotive Industry

Follow us on Twitter @CandMResearch

Visitor Comments

All posts are pre-moderated and must obey the house rules.

Change Currency

GBP
USD

Change Currency

GBP
USD

Use our research skills: Get free support

Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support

December Discounted Prices: Contact us to ask about our special discounts available in December

For the last month in 2014 we are offering discounted prices on a selection of new reports. Please contact us on 00 44 (0) 203 0868600 or via email (click here to email) to ask about prices and special discounts.

Available during December and the run-up to Christmas; Discounted prices on a selection of our reports.

Find all the research at the best prices. Great promotions being offered during December!

We are offering our clients substantial savings on the best research available during December. Please contact us either via emailor by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600. We look forward to being able to find you the research you require at good prices.

Accessibility
Close

Contrast settings

Text size settings