Output of UK Vehicles Rises to a 17-year High
Business is booming! Around 1.7 million vehicles moved off production lines in the UK in 2016 which was an 8.5% increase in regards to the percentage the year before. The Society of Motor Manufacturers and Traders (SMMT) added that fares rose 10.3% to 1.35 million vehicles, a record for the second back to back year. However, SMMT head Mike Hawes rehashed fears that investment would endure without a reasonable post-Brexit EU exchange bargain. Mr. Hawes said that car production was on course to reach an all-time high before 2020. "There would be an impact on demand and jobs - that's a cliff edge we want to avoid."
Business Secretary Greg Clark insisted the car industry would thrive, saying: "Our modern industrial strategy will make the UK one of the most competitive places in the world to grow a business and these figures show why the UK automotive sector has such a vital role to play as we build on our strengths and extend excellence into the future."
UK auto exports to EU nations expanded by 7.5% to 758,680 a year ago, representing half of all exports, the SMMT said. There was additionally a major ascent in auto exports to the US, where request hopped significantly, representing around 14% of all UK auto exports.
Increments were likewise found in Turkey, Japan and Canada, with a modest 3% ascend in China, the SMMT detailed. The UK has 15 auto plants, straightforwardly utilizing 169,000 laborers and 814,000 over the sector.
This huge rise in vehicle production in the UK means there is great opportunities for very affordable prices in the UK and around the globe. So go ahead and dive in and get your very own new or used vehicle and make sure you use one of the best auto transport businesses around, Thrifty Auto Shipping.