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Back to Motoring news

Motoring news

Exports help boost UK car sales in August

23/09/2011

Car manufacturing is showing signs of recovery, rising 10.7 per cent in August compared with the same period last year, according to the Society of Motor Manufacturers and Traders (SMMT).

Overall, production for the year so far is 4.4 per cent higher than in 2010 and the SMMT expects this improved performance to continue into the New Year.

"These are particularly strong figures and underline the continued resilience of the UK automotive industry," John Leech, KPMG's automotive practice partner, told the BBC.

Engine production performed the best, increasing by 14.4 per cent in August and 4.8 per cent higher overall for the first eight months of the year. Commercial vehicle production was not as strong, with only a 9.3 per cent increase in August and was 4 per cent down on the January to August period.

The chief executive of the SMMT, Paul Everett, was very upbeat about the figures and attributes new investment as the driving force behind the rise in production.

"A manufacturing-led recovery is taking shape, with August's automotive output up more than 10% and a recent wave of private investment securing long-term growth for the UK sector," he said in a press release.

Everett believes that the industry would beat 2010 production volume and that growth would continue into 2012.

Along with production, car registrations and car insurance may also increase.

This is another piece of good news for the UK car industry, already bolstered by Jaguar's announcement earlier in the week that £355 million would be invested to build low-emission engines in Wolverhampton.

CPP Global Holdings also said this week that a new version of the Jensen Interceptor would be built at the former Jaguar factory site in Coventry, to the delight of classic car enthusiasts.