The SMMT has released data that shows UK car manufacturing output was at its highest February level for 17 years last month as car production rose 8.0% to 153,041 units.
Overseas demand drove output, with 13.4% growth of exports (118,898 units) in February taking year-to-date output to 301,004.
Go deeper with GlobalData
However, home market production was down -7.4% in the month and -5.6% year-to-date.
In the first two months of the year, exports of UK-made cars grew 12.1%, with 236,832 units shipped abroad, offsetting a decline in domestic demand of -5.6% to 64,172.
Mike Hawes, SMMT Chief Executive, said, "Today's figures illustrate the continuing global popularity of British-built vehicles and the export-led nature of the industry. With eight out of every 10 cars we produce destined for international markets – and half of those for customers in the EU – we must avoid barriers to trade, whether tariff, customs or other regulatory obstacles, at all costs. To do otherwise would damage our competitiveness and threaten the continued success of UK automotive manufacturing."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
