UK Car Industry ‘in Good Position’

UK Car Industry ‘in Good Position’
Car production volumes in the UK this year are up 1.6% compared to the same period in 2014. Over one million cars have so far been produced in 2015, according to figures from the Society of Motor Manufacturers and Traders (SMMT). But the number of vehicles exported has fallen by 1% due to instability across a number of important markets.

Some 99,910 cars were built in August. This is a rise of 40.6% compared to last year, but the increase is largely down to the timing of the summer shut down.

SMMT chief executive, Mike Hawes, said: “The quieter summer months are traditionally subject to fluctuation as production is paused for essential upgrades, and August’s strong growth wasn’t unexpected given the 22.1% fall in the same month last year when the 2014 holiday period fell.

“The rise also follows a flatter July in line with this year’s earlier scheduled shutdown. That said, with an overall increase of 1.6% so far in 2015 and the strongest year-to-date performance since 2008, the industry is in a good position.”