Car Manufacturing In The UK Is Booming

imagesMotorists may be interested to read that car manufacturing is doing very nicely here in the UK with the number of new cars built reaching a 10 year high in 2015 when 1,587,677 new cars came off production lines. The £10 billion that has been invested in producing new models and in certain other areas of the industry during the last 5 years would appear to be proving beneficial. Of those vehicles, 1,227,881 (77.3%) were exported.

 

It is also interesting that this August was the best August for 14 years when it came to the number of new cars manufactured in the UK with 109,004 being built. Of those, 81,200 (74.5%) were exported.

The year-to-date figures to August 2016 reveal that 1,132,727 new cars were built with this being an increase of 12% when compared to the same period last year so it is quite possible that more cars will be built this year than in 2015. Of those cars, 877,523 were exported (77.5%).

As you can see, a very large % of vehicles being built in the UK are exported overseas. Below are the top 10 places that they were transported to last year: –

1. EU Countries 57.3%
2. USA 12.1%
3. China 7.1%
4. Turkey 3.2%
5. Australia 2.5%
6. Japan 2.0%
7. South Korea 1.8%
8. Canada 1.5%
9. Russia 1.1%
10. Israel 1.1%

Within the EU the top 6 countries importing cars built in the UK were Germany, Belgium, Italy, France, Portugal and Spain.

German FlagBelgium Flag

Italy FlagFrance FlagPortugal Flag

Spain Flag

 

 

 

Below are a few interesting facts about the car industry here in the UK: –

a) Demand for electric cars increased by more than 50% in 2015.
b) A new car is built every 16 seconds.
c) The UK has the second largest new car market in Europe with Germany holding the number one position.
d) The UK is the 10th largest manufacturer of new cars in the world.
e) There were 2.63 million new cars sold in the UK with 86.55 of them being imported from other countries.
f) In the region of 2.5 million car engines are built in the UK each year.

The above data was produced by the Society of Motor Manufacturers and Traders (SMMT). If you are interested, you can find out even more information on their website.

Here at AIB Insurance, we pride ourselves on helping our many motoring customers obtain competitive car insurance as well as providing a first class, professional and personal service both pre and after sale. So, if you would like a quotation then why not get in touch with us on 02380 268 351.

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