UK car production down 20%Thu, 20 Mar 2014 00:00:00 -0700
CAR PRODUCTION slowed a little last month, according to official figures.
A total of 133,730 cars were made in the UK in February - 2.7% fewer than in February 2013, the Society of Motor Manufacturers and Traders (SMMT) said.
Cars made for the export market rose 3.5% last month, but manufacturing for the home market was down 20.8%.
The SMMT said it reckoned the value of an average car exported has risen by more than 70% since 2007 to more than £20,000.
The latest figures mean that car production for the first two months of this year has dipped 1.4% compared with the total achieved in January and February 2013.
SMMT chief executive Mike Hawes said: "UK car manufacturing has been broadly stable over the first two months of 2014, dipping only marginally due to forecast product cycle changes.
"The significant increase in the value of car exports in recent years reflects the changing profile of the models produced and underlines the sector's economic importance.
"With the effects of recent investments still to be fully realised, the industry looks forward to providing an even greater contribution to the UK economy in the future."
By Press Association reporters