New statistics released this week have painted a rosy picture of the UK car manufacturing industry, suggesting that the export numbers for cars made on these shores are higher in this decade than any other.
The Society of Motor Manufacturers and Traders (SMMT), the industry body for car makers in the UK, say that July saw the number of UK-built cars exported since the start of 2010 passed the five million mark, thanks to plants like Land Rover Solihull (pictured). The average value of each car exported has more than doubled in the last decade, leaping from an average of £10,200 ten years ago to £20,600 today.
"The UK automotive industry continued its renaissance in July, with the month marking five million car exports since 2010," said Mike Hawes, SMMT Chief Executive. "This is a major milestone and testament to the burgeoning reputation of UK automotive excellence and demand for British-made cars. Significantly, UK car export values have doubled over the past decade – reflecting the diversity of the products we make and proving the sector’s worth as a global investment opportunity."
In further good news for the UK manufacturing industry, the steady growth in the market seen during 2014 continued last month with 132,570 cars built, representing a rise of 2.8%.
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