July saw the production of 132,570 cars, a 2.8 per cent increase on the previous month, driving the UK car industry’s exports to their best result in any decade yet.The auto industry is a massive export success story for the UK, with almost eight in ten cars produced here now being sold overseas. As well as classic British brands like Morgan, Caterham and McLaren, a large number of foreign-owned companies produce cars in the UK, including Nissan, Toyota, Honda and Vauxhall. Jaguar Land Rover, Aston Martin and Bentley, all originally British but now foreign-owned, also produce a significant amount in the UK.
The biggest export market for UK-made cars is the EU, followed by China and Russia. Mike Hawes, SMMT Chief Executive, said: “This is a major milestone and testament to the burgeoning reputation of UK automotive excellence and demand for British-made cars. “Significantly, UK car export values have doubled over the past decade – reflecting the diversity of the products we make and proving the sector’s worth as a global investment opportunity.” Is your business an export success story? Why not enter the Export Champion category at this year’s Growing Business Awards? The awards are free to enter and nominations close on the 19th September. Image source
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