The number of cars produced in the UK increased by 22% during July compared to the same time last year.
Figures from the Society for Motor Manufacturers and Traders (SMMT) show that almost 120,000 cars were built in July, marking a 22% rise on the same period in 2011.
Despite the economic downturn, a growing number of motorists are buying new cars. The figures show that British cars are in high demand, with general output increasing for the 13th consecutive month in a row.
Not only was car manufacturing up 22% for the month, but it has also risen by 15% on the year to date.
The SMMT claimed that the European market remains challenging. However, continued investment from a number of leading car manufacturers has helped the UK automotive industry to flourish.
Jaguar Land Rover recently deployed a 24-hour production line system at their UK plant to keep up with the soaring demand from Asia and is undoubtedly one of the industry’s greatest export successes.
Around eight out of 10 vehicles which are built in the UK are eventually sold abroad. It is also worth noting that from September all brand new cars will showcase the latest number plate of ‘62’.
The SMMT expects around 330,000 new cars to be registered during September, with motorists spending in the region of £4.95 million on the latest new cars.
New cars such as the Ford B-Max, Volvo’s high-door hatchback V40 and Maserati’s Gran Turismo Sport will carry the new plates.
September is expected to be the second biggest month for dealers, accounting for almost a fifth of the year’s trade.
Anyone looking to buy a new car in the UK will have to have car insurance. Car insurance is a legal requirement, however, there are a range of policies and different levels of cover to suit your needs and budget.
ASDA Money offers a choice of car insurance options, including comprehensive cover and third party, fire and theft.Back to top