- Robust January begins year just 0.3% off 2013 performance.
- Analysts expect growth over full year as newly introduced models move to full-scale production.
- Signs of European market recovery significant for overseas trade. Around 50% of exports go to EU
“UK car manufacturing made a solid start to 2014, matching the strength of January last year,” said Mike Hawes, SMMT Chief Executive. “We expect domestic car output to accelerate throughout 2014 as new model introductions reach full volume. Looking further ahead, we anticipate further growth as investments by some of the world’s biggest automotive brands become reality, creating more jobs and huge opportunities for UK-based suppliers.”
Click through to download the full UK automotive manufacturing news release for January 2014.