Domestic car manufacturers

February ended up being another thirty days of growth for UK automobile manufacturers as they carried on to buck the trend into the remaining manufacturing industry.

The united kingdom made 146, 955 vehicles final month, up 13.1 per cent on the same month just last year, according to the numbers circulated today by the community of Motor brands and dealers (SMMT).

The rise had been led by a very good domestic product sales figure which rose 24.4 per cent. Exports climbed 9.1 %. Around three-quarters of UK-made automobiles tend to be delivered abroad.

Development in UK product sales had been much sharper than it absolutely was January if the year-on-year increase was only 2.5 per cent.

Output had been 10.6 percent greater over January and February than it absolutely was across exact same duration just last year.

The rising result figures reveal car manufacturers tend to be building on a solid 2015. Manufacturing struck its highest for 10 years a year ago. The fortunes of automobile makers comparison utilizing the production sector overall, which contrasted 0.2 per cent this past year.

“Sales figures from several of the UK’s leading automotive exporters have up to now proved better quality, suggesting demand in the world’s largest marketplace for marquee British vehicle companies is holding up fairly well, ” Stuart Apperley, mind of British automotive at Lloyds Bank commercial banking.

He added: “Already this current year major notices – like Nissan’s decision to make a brand new driverless Qashqai in Sunderland, Aston Martin’s financial investment in a new Welsh factory and McLaren’s programs for £1bn of additional investment on the next six years – have actually buoyed the industry.”