Automotive sector remains on course for all-time record levels of output by 2017
21st August 2014
Automotive sector remains on course for all-time record levels of output by 2017
Britain's car market has been boosted by the turnaround in the country's economy and recovering demand in Europe, which accounts for about half of the country's automobile exports.
“Increased output reflects the recovering confidence in Europe and the launch of new models, particularly from Mini and Nissan,” Phil Harrold, automotive partner at PwC, said today. “New model launches planned by other UK manufacturers for this year should result in continuing increases in manufacturing volumes.”
Output fell earlier this year as carmakers such as Jaguar Land Rover, Nissan and BMW adjusted production lines to manufacture new models. However European car sales still rose 10% in March, the seventh consecutive monthly gain, as new models to replace ageing vehicles and an economic rebound boosted demand. First-quarter sales in the EU and EFTA markets rose 8% to 3.35 million cars, according to industry association ACEA (European Automobile Manufacturer's Association).
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