- UK car manufacturing output remained just behind 2013 levels, slipping 2.7% in February to 133,730 units; 2014-to-date production down 1.4% at 262,645 units.
- As export volumes rise (+3.5%), SMMT estimates the average car export value has risen more than 70% between 2007 and 2013, to over £20,000.
- Industry is set for growth in 2014 and beyond, as fresh investments are made and new models come to the market.
“UK car manufacturing has been broadly stable over the first two months of 2014, dipping only marginally due to forecast product cycle changes,” said Mike Hawes, SMMT Chief Executive. “The significant increase in the value of car exports in recent years reflects the changing profile of the models produced and underlines the sector’s economic importance. With the effects of recent investments still to be fully realised, industry looks forward to providing an even greater contribution to the UK economy in the future.”
UK car manufacturing output 2014 rolling year total
Average unit value of UK-built cars exported (SMMT estimate)
Click through to download the full UK car manufacturing news release for February 2014.