UK car manufacturing hits six-year high
13th February 2014
UK car manufacturing hits six-year high
"5 key measures of manufacturing at all-time high & UK car sales top pre-2007 levels. See how we're growing UK economy."
Prime Minister David Cameron tweeted that the 2013 figures were an example of the growing UK economy
UK overtakes France as Europe's second largest car market. With 22 months of consecutive growth, only Germany has a larger car market than the UK.
According to the trade body 'The Society of Motor Manufacturers and Traders', car production in the UK in 2013 rose to its best level since 2007. UK demand has consistently outperformed the rest of Europe where car sales have been falling. Spain was the only other major market to register a growth in sales last year, with volumes up 2.1%, driven by a scrappage scheme. The German, French and Italian markets all shrank.
The SMMT said British buying patterns were shifting towards smaller, more fuel-efficient models, with "supermini" vehicles taking the largest market share of 35.9% in 2013. Registrations of hybrid and plug-in cars rose 20.5% to 32,715 vehicles.
Business Secretary Vince Cable said “Our success lies in the appetite from countries around the world for British cars. Around 80% of the 1.5 million cars we produced last year were exported – a testament to the diverse, high quality of British manufacturing.
The SMMT is predicting the UK will be the third biggest car manufacturer in Europe by 2017
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