U.K. manufacturers produced more cars in 2015 than any year since 2005, the Society of Motor Manufacturers and Traders said Thursday.
Car production grew 3.9 percent to 1.58 million units in 2015, overtaking pre-recession levels for the first time.
A record number of cars, representing 77.3 percent of total production was exported in 2015. Exports totaled 1.23 million units, up 2.7 percent on 2014 levels.
US overtook China as UK’s largest export destination as demand from China declined 37.5 percent. Meanwhile, EU demand advanced 11.3 percent, with 57.5 percent of shipments destined for the continent.
“Continued growth in an intensely competitive global marketplace is far from guaranteed, however, and depends heavily on global economic conditions and political stability,” Mike Hawes, SMMT chief executive, said.
“Europe is our biggest trading partner and the UK’s membership of the European Union is vital for the automotive sector in order to secure future growth and jobs,” Hawes added.
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