Recent data from the Society of Motor Manufacturers and Traders (SMMT) confirms that UK car production hit a 12-year first-quarter high in March 2016.
According to the official industry figures, the UK manufactured a new vehicle every 16 seconds during the first three months of the year. More than 159,000 vehicles were produced by British factories throughout March — a rise of close to 10 per cent compared to the same month in 2015.
With the British car manufacturing industry booming, car dealers may be thinking of adding more stock to their showrooms. If so, it's important that they remember to regularly update their motor trade insurance and road risks insurance to ensure that their changing quotas are completely covered.
The SMMT figures showed that 443,581 vehicles were produced in UK factories over the first three months of 2016 — a 12-year high not bettered since 2004 and a 10.3 per cent rise since the same period in 2015.
However, the SMMT warned that, before 2020, 37,000 jobs would need to be created and UK steel production stabilised if the industry is to break the 1.9 million car-production record set in 1972.
Mike Hawes, the chief executive of the SMMT, added: “UK car plants were at their busiest for 12 years in March, with a vehicle rolling off production lines every 16 seconds thanks to heightened international demand for British-built cars.
“Much will depend on economic and political conditions in key markets but, with several brand new global models starting production here in the first quarter alone, the prospects for future growth look bright.”