{"id":3330,"date":"2016-03-31T10:24:35","date_gmt":"2016-03-31T10:24:35","guid":{"rendered":"https:\/\/dev.lnetdev.uk\/thevra2026\/?p=3330"},"modified":"2016-03-31T10:24:35","modified_gmt":"2016-03-31T10:24:35","slug":"uk-automotive-manufacturing-shows-sign-slowing","status":"publish","type":"post","link":"https:\/\/dev.lnetdev.uk\/thevra2026\/uk-automotive-manufacturing-shows-sign-slowing\/","title":{"rendered":"UK automotive manufacturing shows ‘no sign of slowing’"},"content":{"rendered":"

Demand for UK-built cars shows \u201cno sign of slowing\u201d as the UK automotive manufacturing sector experiences 13.1% year-on-year growth, according to SMMT chief executive Mike Hawes.<\/h3>\n

British car manufacturing achieved another month of strong growth in February with output up 13.1% year-on-year and 10.6% year-to-date, with 284,507 vehicles built do far.<\/p>\n

Output for the domestic market rose 24.4% in the month, accompanied by a robust 9.1% increase in export production, the SMMT reported.<\/p>\n

And Hawes said: \u201cThe UK automotive industry\u2019s impressive growth continued into February, with demand from both domestic and overseas customers showing no signs of slowing.<\/p>\n

\u201cThe outlook for the sector is bright, but much will depend on global political and economic conditions in the months and years to come.\u201d<\/p>\n

\"\"<\/p>\n

Stuart Apperley, director and head of UK automotive at Lloyds Bank Commercial Banking, said that Nissan\u2019s decision to manufacture a new driverless Qashqai in Sunderland, Aston Martin\u2019s investment in a new Welsh factory<\/a> and McLaren\u2019s plans for \u00a31bn of additional investment over the next six years had also \u201cbuoyed the sector\u201d<\/p>\n

He said that the developments were indicative of the underlying confidence in the UK automotive industry, adding: \u201cIn the short term that shouldn\u2019t be negatively impacted.\u201d<\/p>\n

Apperley said: \u201cThe latest updates from some of Europe\u2019s larger carmakers suggest the continuing slowdown in China is beginning to weigh on their performance, with BMW among those reporting declining sales in the country.<\/p>\n

\u201cHowever, sales figures from several of the UK\u2019s leading automotive exporters have so far proved more robust, suggesting demand in the world\u2019s largest market for marquee British car brands is holding up reasonably well.<\/p>\n

\u201cThat is important as it should ensure UK manufacturers continue to focus on the long-term outlook \u2013 which remains positive \u2013 with the requisite benefits that will bring to the wider economy.\u201d<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Demand for UK-built cars shows \u201cno sign of slowing\u201d as Read More…<\/a><\/p>\n","protected":false},"author":4,"featured_media":3331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37],"tags":[408,35,409],"class_list":["post-3330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-manufacturing","tag-smmt","tag-uk-automotive"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/3330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/comments?post=3330"}],"version-history":[{"count":0,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/3330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/media?parent=3330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/categories?post=3330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/tags?post=3330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}