According to the latest data from the Society of Motor Manufacturers and Traders (SMMT), domestic demand supported the biggest monthly increase in UK car manufacturing this year with output in October rising 17.4% to 160,854 units. So far this year, 1,286,287 cars have been produced, a rise of 5.4% on the same 10 months last year.
Manufacturing for the home market was up significantly at 52.4%, while export growth was strong at 11.4%. Around 50% of UK car exports go to Europe and after months of decline, EU demand showed signs of improving and has now recorded two consecutive months of growth.
SMMT chief executive Mike Hawes said, “More than 15 brands build 50-plus models of car across the UK with volume and niche offerings providing a wealth of choice for our home and export markets. With European demand showing early signs of recovery, we expect production to continue positively in the coming months.”
Engine production also enjoyed a strong month with growth of 6.5% to 254,480 units, pushing output for the year over the two million mark to 2,172,775 engines built in 2013 – a steady 2.4% growth.
Commercial vehicle manufacturing, however, continued to slide in October with 7,825 CVs produced, a decline of 33.8%. Output for 2013-to-date is down 19.9% to 75,484 units.
Copyright Ken Hurst 2013