UK car production rises in March

Nissan car plant worker in Sunderland Car production makes up about 15% of the UK's overall manufacturing output

Related Stories

UK carmakers increased production in March, helped by demand from Europe and after a number of firms finished upgrading their plants for new models.

The Society of Motor Manufacturers and Traders (SMMT) said output had increased to more than 142,000 units, up 12% from a year earlier.

Across 2014 so far, the SMMT said production was about 3% higher on 2013.

Output fell earlier this year as some carmakers adjusted production lines to manufacture new models, the SMMT said.

Car production makes up about 15% of the UK's overall manufacturing output in terms of value.

The industry has been helped by recovering demand in Europe, which accounts for about half of the UK's car exports.

'Picking up'

SMMT chief executive Mike Hawes said the 12% growth figure was a "significant step forward after a period of product changes at the start to the year".

"After several years in the doldrums, European demand for new cars is now picking up with growth in the last seven months. This is a welcome boost for the UK's volume manufacturers for whom Europe is the key market.

"As new models are launched and investments realised, the sector remains on course for all-time record levels of output by 2017."

Earlier this month, the SMMT said that sales of new cars had risen in March at their fastest pace for a decade.

There were 464,824 new car registrations during the month, a rise of 17.7% on a year earlier.

More on This Story

Related Stories

From other news sites

* May require registration or subscription

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

BBC Business Live

  1.  
    HSBC SHARES 06:44: Radio 5 live
    hsbc

    Ewen Cameron Watt, is Chief Investment Strategist of the BlackRock Investment Institute, is now on 5 live talking about the news Neil Woodford, the fund manager, saying he's flogged his HSBC shares. "Neil bought HSBC because it was one of the few banks where he thought there was some dividend growth," he says. However, fines in the sector are likely to drain that prospect, he says. It's fines "more than anything that's sapping bank's willingness too lend, or ability to lend".

     
  2.  
    MARKETS 06:27: BBC Radio 4

    Today is looking at why stock markets are at a 52-week high when the political situation around the world is so dire - there's the threat of war in Europe and conflict in the key oil producer Iraq. Ewen Cameron Watt, chief investment strategist at Investment Institute of giant asset manager BlackRock says: "At this stage in the summer months the thought that Russia might affect sending gas to Europe is not a worry. [Energy stocks] are about 90% of capacity."

     
  3.  
    BANKING COMPLAINTS 06:12: Radio 5 live

    More from the Financial Ombudsman's Caroline Wayman. Fee-paying bank accounts are the cause of the increase in complaints about banking, she says. "People are getting in touch saying they didn't know they had a fee paying account or want one." People are "more aware but we see a lot of people who are reluctant to raise concerns," when coming forward to the service, she says. There are also more complaints about payday loans, but from a low starting point she says.

     
  4.  
    BANKING COMPLAINTS 06:02: Radio 5 live

    Caroline Wayman, chief executive of the Financial Ombudsman Service is on Wake Up to Money talking about complaints about banks. Complaints about payment protection insurance have fallen by almost a third, but complaints about other things in banking are up: "Still a lot of people get in touch, more than 1,000 people a day," she says. "We've had to expand a lot."

     
  5.  
    06:01: Howard Mustoe Business reporter

    Morning! Get in touch via email bizlivepage@bbc.co.uk or via twitter @BBCBusiness

     
  6.  
    06:00: Rebecca Marston Business reporter, BBC News

    Good morning and welcome to Tuesday's Business Live. Stick with us for the pick of the morning's news.

     

Features

  • Women doing ice bucket challengeChill factor

    How much has the Ice Bucket Challenge achieved?


  • Women in front of Windows XP posterUpgrade angst

    Readers share their experiences of replacing their operating system


  • Members of staff at James Stevenson Flags hold a Union Jack and Saltire flag UK minus Scotland

    Does the rest of the UK care if the Scots become independent?


  • Ernest Hemingway, as war correspondent, travelling with US soldiers to Normandy for the D-Day landingsAbandoned hero

    Why Paris is forgetting Ernest Hemingway


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.