Sales May be Down But Car Production is up in The UK

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New car registrations and sales in the UK are slightly down year on year, this is the consequence of the ongoing financial uncertainty. Consumers are still shying away from spending money on luxury goods such as cars and even houses. Mentally people are still not sure where the economy is going and how safe jobs are hence they are staying away from committing to any large monthly commitments.

The UK Government has made major inroads in enticing car makers to keep car production here in the UK, we have also secured some new deals whereby car plants will grown and new plants will be built. Only recently Land Rover announced that as well as a new plant in the Midlands the current plant will create a thousand new jobs. So even though we may not be selling as many new cars we are producing them for export, which in the long run means more jobs, which in turn will help the UK return to financial stability.The UK Government has made major inroads in enticing car makers to keep car production here in the UK, we have also secured some new deals whereby car plants will grown and new plants will be built. Only recently Land Rover announced that as well as a new plant in the Midlands the current plant will create a thousand new jobs. So even though we may not be selling as many new cars we are producing them for export, which in the long run means more jobs, which in turn will help the UK return to financial stability.

The demand for new cars is predominantly being pushed by emerging markets from developing countries that have not been as badly affected as the first world countries. Markets like China, Russia and India are doing very well at the moment and car manufacturers are doing well to tap into these.

The Society of Motor Manufacturers and Traders (SMMT) revealed that 23.5% more cars were built in February this year compared to last year. Engine-building in the UK increased 3.6% in February, contributing to a 4.3% rise for the year to date.

Car dealers in Newcastle and across the UK saw a dip in new car sales, accumulating to a total decline year on year of 0.8%.

The SMMT chief executive Paul Everitt said, “The figures show a trend of strong export-led growth, confirming the importance of manufacturing to a rebalanced and prosperous economy. The UK automotive sector continues to attract investment and generate new jobs.”

Please continue reading here: Car dealers in Newcastle
 

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