Car manufacturing in the UK rose by 17 per cent in April.
What's more, the nation is outperforming most other countries in the EU.
As the Financial Times reports, the result can be put down
to the large increase in the number of vehicles made for the local and
non-European markets.
According to the Society of Motor Manufacturers and Traders
(SMMT), more than 100,000 cars were made in the UK last month and output so far
this year has increased 1.5 per cent to around half a million.
Most of these cars (about 80 per cent) are for export. In
fact, the number of vehicles produced for export went up 8.4 per cent last
month from the April before but has fallen 4.2 per cent so far this year.
In addition, manufacturing for sale within the UK jumped by
66 per cent to about 22,000, compared to the same month last year.
Mike Baunton, SMMT interim chief executive, said the global
appeal of British cars was helping the industry overcome weak demand in the
rest of Europe.
“Significant growth in output for home markets reflects
trends in new car buying in the UK, and the focus on growing in new markets,
beyond Europe, has provided further buoyancy to volumes,” he said.
The automotive sector is helping cut the trade deficit in
the UK. The good result can be explained by a number of factors such as cheap
finance deals and an ultra-competitive marketplace.
This good result for the British car industry means that the
nation ranks third behind Denmark and Hungary in terms of car sales.
Last year, new passenger car registrations actually suffered
double-digit falls in 15 other European countries.
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