Tag Archives: UK car industry

SMMT statement in response to the Prime Minister’s speech on Brexit

 SMMT_Master_Brandline_(RGB)


SMMT has released a statement today, Tuesday 17 January 2017, in response to Prime Minister Theresa May’s speech on Brexit.

Mike Hawes, SMMT Chief Executive, said,

The recognition by the Prime Minister of the importance of single market arrangements for the automotive sector is critical. We need government to deliver a deal which includes participation in the customs union to help safeguard EU trade, trade that is tariff-free and avoids the non-tariff and regulatory barriers that would jeopardise investment, growth and consumer choice. Achieving this will not be easy and we must, at all costs, avoid a cliff-edge and reversion to WTO tariffs, which would threaten the viability of the industry.

In December 2016 SMMT hosted a roundtable discussion chaired by David Davis, Secretary of State for Exiting the European Union, on the future for the UK automotive sector following Brexit. The event took place at SMMT’s headquarters in London and was also attended by John Hayes, Minster of State, Department for Transport and Nick Hurd, Minister of State, Department for Business, Energy and Industrial Strategy. You can read more about the discussion here.

Read more about the UK automotive sector’s relationship with Europe

Source: SMMT

 

Strong start to the year for UK car manufacturing with best January since 2008

Car manufacturing rolling year graph_Jan 16

  • UK car production grows 8% in January, with 137,552 vehicles built.
  • Strong overseas demand drives output, lifting exports 9.7%.
  • 31,111 cars built for home market, with production for UK buyers up 2.5%.

UK car manufacturing got off to a strong start in 2016 with output in January up 8% compared with the same month last year, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). 137,552 cars were produced in the month – the best January performance for eight years.

Increased foreign demand for British-built cars saw manufacturing for export grow for the sixth consecutive month with volumes up 9.7%. Meanwhile, production for UK customers grew 2.5% – an indication of the strong state of the domestic market.

Car Manufacturing table

The performance follows a record year for exports in 2015, with total car production reaching 1.6 million – the highest in a decade.

Mike Hawes, SMMT Chief Executive, said, “January’s figures mark an encouraging start to the year for the UK car industry, following an impressive 2015. We expect output to continue growing in the coming years as the industry benefits from continuing investment, but much will depend on global economic and political conditions and consumer confidence.”

Source: SMMT