British car production at its highest level in 17 years
Car production in Britain reached its highest level in 17 years in November, thanks to rising domestic and international demand for the vehicles.
Latest figures have revealed that in last month alone, 169,247 vehicles were manufactured within the UK, with a total of 1.61 million cars produced in the year to November 30. This is the largest number of vehicles to have been produced in the first 11 months of a year since 1999.The figure represents a 9.6 per cent increase on the 1.47 million cars built in the same period last year, and means that in the first 11 months of 2016, British factories had already produced almost 56,000 more cars than they made throughout the whole of 2015.
According to the Society of Motor Manufacturers and Traders (SMMT), British car manufacturing in November saw an increase of 12.8 per cent on the same month in 2015.
Currently, the automotive industry claims to account for four per cent of GDP and 12 per cent of its total export of goods, which means that this increase could provide a boost to the economy.
November appears to have been a turnaround month for the car industry. In the year to October, production had fallen by one per cent, while domestic demand had plummeted by 10.9 per cent.
Chief executive of the SMMT, Mike Hawes, believes that output will continue to rise if the sector is able to maintain its competitive edge following Brexit.
"Made in Britain is a badge coveted by car buyers worldwide and these latest figures highlight not just that international appeal but the fact that the UK is a globally competitive place to make cars," he said. "These results will continue only if we can maintain the competitive trading conditions that have enabled the UK to become an automotive success story."