UK car manufacturing was up 1.2% year-on-year in January to 129,049 units, continuing the upward trend of last year.
The SMMT described the result as a ‘steady start for car manufacturing as industry gears up for a strong year’.
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January’s rise was underpinned by strong domestic demand which saw output of cars built for the UK market rise 26.1%.
The SMMT noted that analysts have suggested that UK car manufacturing could grow a third bigger by 2016 with output approaching two million vehicles a year.
“UK car manufacturing grew modestly in January, up just 1.2% on the same period in 2012. Output is typically subdued in January as manufacturers extend holiday periods to upgrade plants and re-tool for new models,” said Mike Baunton, SMMT Interim Chief Executive.
“Despite ongoing economic challenges, growing demand for UK-built products in emerging global markets coupled with major new investment is paving the way for a positive year for automotive manufacturing.”
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By GlobalData|
Car manufacturing |
Jan-12 |
Jan-13 |
% Change |
|
Total |
127,550 |
129,049 |
1.2% |
|
Export |
106,190 |
102,111 |
-3.8% |
|
Home |
21,360 |
26,938 |
26.1% |
