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UK car production jumps as Europeans buy British

The UK’s car production jumped by 12% last month as demand from Europe for British-built cars increases. Nearly 80% of cars made in the UK are exported worldwide, and 142,158 were produced in March 2014 – compared to 126,909 in March 2013. Official: UK car production is booming UK car production hits six-year high That means so far this year the UK has built 404,803 cars, a rise of 2.9% compared to this time last year.

UK car production hits six-year high

The British car industry continued to boom in 2013, with production topping the 1.5 million unit barrier thanks to a resurgent Toyota, Jaguar and Land Rover. It means that last year, a car was built in the UK every 20 seconds! 20 reasons why the British car industry is booming UK car sales reach six-year high 1,509,762 cars produced was a 3.1% rise on 2013 – and, in further good news for Britain, it was revealed that 79.6% of them, or 1,201,395 cars, were exported to overseas markets.

USED VALUES HOLD STEADY

THERE was no change in the value of the average used car between October and November 2010, according to new figures from BCA. November values were down £111 year-on-year and remained at £5,792 There was a slight increase in the volume of used vehicles reaching the market in November, but not enough to provoke any change. A seasonal lack of interest on the market is to blame for the lack of fluctuation as well as travel difficulties created by the cold weather, according to BCA, and the drop off in demand is likely to remain into December.