The UK’s automotive factories recorded a 14-year high in August.
The 109,004 new cars manufactured in British plants was the highest August figure for 14 years, rising 9.1 per cent on the same month in 2015.
And as a result the year-to-date manufacturing figures are up 12 per cent, to 1,132,727 units.
According to the figures compiled by the Society of Motor Manufacturers & Traders (SMMT), demand for new cars was strong both for the home and export markets. Production of cars for the domestic market rose 6.2 per cent to 27,804, while the far larger overseas market jumped 10.2 per cent to 81,200 units.
So far in 2016 British plants have built more than 877,523 cars for export – 13.3 per cent more than in 2015 and overshadowing fears of a slowdown following the UK vote to leave the European Union.
According to SMMT chief executive Mike Hawes, August’s strong performance is good news for car makers and welcome news for the UK economy, which he points out depends on the thriving sector for an increasing share of UK exports.
“British car producers are exporting a diverse range of high quality, attractive new models that are in demand across the world thanks to multi-billion pound investments made in UK plants over the past few years,” Hawes says.
And he remains keen to remind the Government of the importance of ensuring viable access to export markets, adding; “Future success depends on continued investment in plant and products and that in turn depends on the UK maintaining internationally competitive business and trading conditions.”