UK car manufacturing accelerates in July

Car manufacturing in great britain rose 7.8% in July, with 136,397 new units rolling off UK production lines, in line with the latest figures released because of the Society of Motor Manufacturers and Traders (SMMT).

Major carmakers saw production rise for brand new and existing models from the month ahead of summer factory shutdowns, that provide an important period for plant maintenance, upgrades and re-tooling.

Production for the UK bounced way back in July, in readiness for that important September market, following seven successive months of decline, rising 17.7% C a growth of four,490 units C while exports also grew by 5.3%. Cars created for overseas buyers represented nearly 80% of output inside month with 106,525 units shipped abroad, compared to 29,872 which stayed in your own home.

Year-to-date new car production remains solid and he has passed usually the one million mark, though showing little dip of -1.6% in comparison to 2016, in accordance with expectations. Since January, overseas customers took delivery of 78.8% of new cars created in Britain, with UK manufacturers now exporting cars to greater than 160 different countries world wide.

Mike Hawes, SMMT Ceo, said, “UK car production lines increased a gear in July, as usual bringing forward some production to support manage demand well before September and routine summer factory shutdowns. As being the timing and duration of these manufacturing pauses can shift each year, market performance comparisons for July and August should invariably be addressed with caution, speculate long for the reason that economic conditions both at home and abroad stay broadly stable we expect new car production to remain in keeping with expectations all through 2017.”

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