Tuesday, 24 October 2017

UK Car production on the up!

The UK car manufacturing industry has seen an increase in car production over the last few months.
Production has increased by 7.8% prior to the launch of the new 67 plates in September, a significant increase from last quarter.
The increase is welcome as it’s the first month on month increase since March 2017. The new highly anticipated September registration plates and summer shutdown is potentially sited as the reasons for the rise.
Exports have increased by 5.3%, showing a greater demand in the domestic market, mainly within Europe.
Overall an increase of 17.7% is a significant rise, and the first since November 2016. This is despite UK new car sales records dipping.
September is always a big month for car production, normally accounting for 20% of the sales in the industry.
These statistics are extremely encouraging and hopefully display UK car production will continue gaining in strength over the coming months.

Commercial Vehicle Contracts Limited