New figures published by the Society of Motor Manufacturers and Traders (SMMT) have highlighted an annual jump in UK car exports in the year so far.
September saw UK vehicle export volumes breach the one million mark, with the month recording a 0.9 per cent upturn on September 2015 and a 10.5 per cent rise in the year-to-date.
It was the 14th consecutive month of growth in the UK vehicle export market and the data highlights ongoing strength in the sector, despite fears earlier this year that the UK's decision to leave the EU could impact export trade.
SMMT chief executive Mike Hawes commented: "British-built cars are in demand across the world as demonstrated by the double digit growth in exports this year, resulting in more than a million cars produced for international markets."
Looking ahead, the SMMT chief argued it will be essential for UK manufacturers to maintain barrier-free access to international markets in the coming years – a situation that has been the foundation of the positive results that continue to be witnessed in the sector at present.
Natalie Brinkley, brand manager at Fuel Card Service, adds: "Ongoing growth in UK vehicle exports is excellent news for the automotive sector as a whole. It is also a welcome development to see the market surpass the one million vehicle exports barrier so early in the year."
Posted on 27th October 2016
< Back to Latest News