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Exports boom as UK car output hits 16-month high
CAR PRODUCTION jumped in January, according to the Society of Motor Manufacturers and Traders, as the industry helped boost UK exports.
Output shot up 15.6 per cent to 127,382, with 83.4 per cent of those being sold abroad. Exports rose 12.9 per cent in the month to 106,189.
“UK car production continues to drive manufacturing growth and a rebalancing of the economy,” said SMMT boss Paul Everitt. “Success in markets around the world is a tribute to the quality and competitiveness of UK production facilities, management and employees.”
Engine production increased by five per cent to 227,161, though exports declined 4.1 per cent to 147,823, while commercial vehicle output fell by 1.2 per cent in the month to 9,844,