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17/01/2013
Car Exports Hit Record High With 8% Increase
Despite a European slump in sales, UK car production has hit a four-year high, with exports reaching a record high.
The Society of Motor Manufacturers and Traders (SMMT) have said that UK factories built some 1.46 million vehicles in 2012, 1.21 million of which were then shipped abroad.
Data published on Wednesday show that European car sales hit a 17-year low in 2012, but in the UK production increased by 9% and exports were up by 8%.
The SMMT are now predicting that 2013 will be better again.
Paul Everitt from SMMT said: "The outlook for 2013 remains positive, with demand in many faster-growing global markets offsetting the continued weakness in European economies.
"The £6bn of investment committed to UK facilities, new model programmes and [research and development] signals a bright future and many new opportunities for companies in the supply chain."
(H)
The Society of Motor Manufacturers and Traders (SMMT) have said that UK factories built some 1.46 million vehicles in 2012, 1.21 million of which were then shipped abroad.
Data published on Wednesday show that European car sales hit a 17-year low in 2012, but in the UK production increased by 9% and exports were up by 8%.
The SMMT are now predicting that 2013 will be better again.
Paul Everitt from SMMT said: "The outlook for 2013 remains positive, with demand in many faster-growing global markets offsetting the continued weakness in European economies.
"The £6bn of investment committed to UK facilities, new model programmes and [research and development] signals a bright future and many new opportunities for companies in the supply chain."
(H)
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