UK automotive industry turns over record £69.5 billion

The Nissan Qashqai is built in Sunderland

2014 figures revealed: turnover up 6.6%, export value up 1.8%

The UK automotive industry turned over a record £69.5 billion in 2014, figures released by the Society of Motoring Manufacturers and Traders (SMMT) have revealed.

The SMMT’s annual Sustainability Report revealed that turnover in the UK industry had jumped 6.6%, meaning that the average UK worker is generating £440,000. This was driven by increased manufacturing output and growth in vehicle sales and exports.

More than 1.6 million vehicles were built in the UK in 2014, including 1.53m cars, the highest level since 2007. More of …read more

Source:: Autocar