Booming UK car production tops 1mn in July

  26 August 2016    Read: 1214
Booming UK car production tops 1mn in July
Automobile manufacturing in Britain has reached a twelve-year high exceeding one million vehicles rolling off production lines in the first seven months of the year.
Before the European Union referendum, there were warnings the automotive industry could suffer a sharp slowdown should Britain vote in favor of leaving the 28-country bloc. The figures released by the Society of Motor Manufacturers and Traders (SMMT) seem to dispel those fears.

The July output rose 7.6 percent year-on-year with exports up six percent, according to the SMMT.

“UK car production in 2016 is booming, with new British-built models in demand across the world,” said Mike Hawes, SMMT chief executive, adding that the performance was in spite of the cautions from the Remain camp ahead of the Brexit-vote.

Production for the domestic market grew 14 percent, while almost four out of five vehicles manufactured in the country were for overseas markets.

Still, the outlook for the industry is uncertain as Britain chose to quit the European Union, according to Hawes.

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