Figures released by the SMMT show that car output was up by 15.1% in February led by strong exports.
Car production was up 15.1% on last year to 111,983 in February with exports up by 32% to 93,048 units. In the first two months of the year, car production is up by 12% on year-ago levels to 222,178 units.
Go deeper with GlobalData
However, production for the home market has fallen this year. In the first two months it stood at 35,051 units, some 36% down on last year’s pace.
“UK vehicle and engine production continue to lead a manufacturing recovery,” said Paul Everitt, SMMT Chief Executive.
“A 27% increase in export demand [for all vehicles] highlights the strength and competitiveness of UK products. Next week’s Budget will be crucial in creating the conditions for further investment in skills, R&D and capital equipment, all essential for growth and maintaining global competitiveness.”
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
