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British car industry celebrates 2012 achievementsBack

As the year comes to a close, the Trusted Dealers take a look back at the achievements of the automotive industry throughout the year.

While the economy has taken yet another dip, the motoring industry within the UK has celebrated becoming Europe’s second largest new car market as well as producing almost 10 per cent more vehicles than it did in 2011.

In fact, every day more than 4,000 new cars are produced in the UK, meaning that it would take just 19 days to produce enough cars to transport the entire 80,000 strong Olympic stadium crowd if they wished to return home in their own UK built car!

Domestic new car sales are also high with more than 5,500 new cars finding homes every day, and the UK automotive sector currently has an annual turnover of around £55 billion with more than 40 global companies based here, helping to deliver investment, boost skills and keep more than 700,000 people in employment.

“The UK has out-performed our European partners during 2012 with vehicle manufacturing and new car registrations rising strongly through the year,” said Paul Everitt, SMMT Chief Executive. “While most EU markets have been impacted by eurozone instability, the UK has benefited from £6 billion of new investment from global vehicle manufacturers during the past two years, with car production set to break all-time records in the years ahead. At the same time new car buyers have responded positively to the exciting and fuel-efficient new models now on the market helping to boost registrations and make the UK the second largest market in Europe.”

Reasons for the strong growth of the UK car industry is down to the improvements on fuel efficient cars and also the new types of vehicle which have attracted more buyers to dealerships. In fact, the average fuel emissions for a new car have fallen more than 3.5 per cent in just one year to 133.2g/km.

The Mini and supermini segments have enjoyed the greatest growth with an increase of 6.6 per cent market share in the last five years. Some of the reasons for this increase are down to the fact that motorists are down-sizing their vehicles and favouring smaller cars which are cheaper to buy and run.

One of the focuses in 2013 will be the onset of DAB radio within all new vehicles by the end of the year. For the year so far, 24.3 per cent of new cars have been manufactured with digital radio as standard showing a rapid growth from 2010 when only 4.2 per cent of new cars has it.

Trends we can look forward to in 2013 include an increase in the electric car market and hybrid cars as well as new safety features appearing on more option lists. Vehicle manufacturers are set to push the boundaries of technology and engineering to bring motorists even greater comfort and convenience.

 

Posted by Leana Kell on 26/12/2012