Thursday, 19 February 2015

Mixed picture for UK automotive output

UK engine manufacturing has started the year with only minimal growth with a rise of only 0.2% in January, producing 206,686 units.

This compares with 206,291 in January 2014. Demand in the UK has driven the sector growth by 11.2 per cent from 71,016 in 2014 to 78,960 in 2015.

However, the export contribution fell from 135,275 in 2014 to 127,726 in 2015.

The SMMT, however, remains upbeat even though it persistemtly declines to reveal the performance of individual producers in the UK be it for engines, cars or commercial vehicles. 

"UK engine manufacturing has had a solid start to the year, posting positive growth in January, driven by demand in the home market," said Mike Hawes, SMMT Chief Executive. "Manufacturers have invested over £1 billion to UK engine production in recent years, which is expected to yield an increase in output."

As for UK car manufacture, the industry is seem as enjoying a “steady start” to the year as the industry gears up for new models

UK car output was down 1.2 per cent to 127,385 in January from 128,915 in 2014 as manufacturers prepare for new models.

Exports in 2015 accounted for 97,022 while business for the home market totalled 30,363.

The SMMT says that the outlook remains positive for 2015 with manufacturers set to realise £7 billion-worth investment in new products and facilities, with the January 2015 output 16 per cent higher than the month's mean performance from 2009.

As for the commercial vehicle sector the industry experienced a “muted” January with the UK producing 5,553 commercial vehicles in January. This compares with 6,707 in January last year.

Leyland Daf and Vauxhall are the only two remaining CV builders in the UK following the abdication by Ford and LDV some years ago of vehicle manufacture in the UK.

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