If you have been watching the news recently then you will know that apparently the recession is over and the economy is the strongest its been in the last six years, I know I don’t believe it either but the car production industry seems to be following this trend with a 31% increase in UK production.

Cars produced for the domestic market rose 21.8% during the year while those for export fell 1%.

SMMT chief executive Mike Hawes said: “2013 demonstrated the value of the UK’s diverse car manufacturing industry, as surging home demand and robust exports outside Europe saw output grow 3.1% to over 1.5 million units. “UK automotive investment announcements exceeded £2.5 billion in 2013, reinforcing industry analysts’ suggestions that the UK could break all-time car output records within the next four years.”

While the European market has struggled with tough economic conditions, overall export volumes have been bolstered by strong growth in demand for UK-built cars in other countries.

China’s share of exports has grown rapidly over recent years and it looks set to become the largest non-EU market for UK-built cars.

Take-up in the United States also remained strong last year and while Russia has seen volumes fall since 2012, it is now firmly established as a key export destination.

original Story at Motor Trader http://www.motortrader.com/latest-news/uk-car-production-hits-six-year-high/