around the world exports for British-built cars and trucks have hit five million considering that 2010, with the typical cost of exported cars and trucks doubling over the last decade, according to figures released by the society of motor makers as well as Traders (SMMT).
In July, 132,570 cars and trucks were manufactured, taking the overall considering that 2010 to the five million mark. The cost of the typical cars and truck that is now exported is £20,600 compared to just £10,200 in 2004.
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The stats likewise show that nearly eight out of 10 automobiles made in Britain are now exported as the popularity of high-end British brands continues to develop in Europe and, a lot more importantly, the Chinese market.
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UK factories have seen a renewal just recently with investment from foreign business such as Jaguar Land Rover, Bentley, Nissan as well as Toyota. So far 923,884 cars and trucks have rolled off the UK production lines – up 3.4 per cent on the begin of 2013.
The SMMT stated around 1.6 million cars and trucks will be created in the UK in 2014 with the previous record of 1.92m cars and trucks set in 1972 set to be damaged in 2017.
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“The UK automotive market continued its renaissance in July, with the month marking five million cars and truck exports considering that 2010,” stated Mike Hawes, SMMT chief executive. “This is a major milestone as well as testament to the burgeoning track record of UK automotive excellence as well as demand for British-made cars.
“Significantly, UK cars and truck export values have doubled over the past decade – reflecting the diversity of the products we make as well as proving the sector’s worth as a worldwide investment opportunity.”