Car production falls 8.9%
Thursday 20 September 2012
The number of cars built in the UK fell 8.9% in August, bringing to a halt a 13-month run of increases, figures revealed today.
However, the Society of Motor Manufacturers and Traders (SMMT), which produced the figures, said volumes are traditionally low in the month as manufacturers use the holiday period to upgrade facilities and carry out maintenance work.
Despite conditions in Europe being a concern, it believes production will return to growth, helped by strong demand from other overseas markets.
The 78,577 cars produced in UK in August brings the total for 2012 so far to 955,084, which is a 12.7% hike on the previous year.
The number of commercial vehicles built rose 18% to 7,608. Overall, vehicle production was 7% down in the month to 86,185 but up 11% in the year so far.
Vehicle manufacturing has been a success story for the UK since the financial crisis and production is expected to hit record levels by 2015, underpinned by demand from emerging markets where brands such as Jaguar Land Rover are proving popular.
Some 80% of cars and 60% of commercial vehicles were exported this year.
There was also a hike in the number of engines made in the UK, up 12.5% in the month, with most going overseas.
SMMT chief executive Paul Everitt said: "Volumes are traditionally low and variable in August as manufacturers use the holiday period to undertake important maintenance and facility upgrades.
"Continued weak demand in Europe is a concern, although significant new investment and stronger demand from better performing global markets will ensure UK output continues on an upward trend."
Seven mainstream car manufacturers and 10 sports car manufacturers operate in the UK, along with eight Formula One teams and 11 bus and coach makers.
The UK is Europe's fourth biggest manufacturer of cars and the automotive industry represents about 3% of GDP.
Life & Style blogs
The secret report that helps Israel hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
- 1 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 2 The secret report that helps Israel hide facts
- 3 Is Ebola coming to Britain? UK health officials issue warning to doctors as outbreak fears grow
- 4 Richard Dawkins says 'date rape is bad, stranger rape is worse' on Twitter
- 5 Danish TV reporter is all business up top, all party down below
- < Previous
- Next >
Competitive: The Green Recruitment Company: The Organisation: The Green Recrui...
£350 - £400 per annum + competitive: Orgtel: Project Manager (specializing in ...
£40000 - £50000 per annum + competitive: Progressive Recruitment: Embedded Sof...
£50000 - £65000 per annum + Benefits: Progressive Recruitment: Working for a m...