British buyers with a patriotic eye for a new car are helping to swell the car manufacturing market in the UK, according to a new report that mirrors similar statistic seen towards the start of this year.
When the government announced its budget for 2015 back in March, one of the key promises was that it was going to put a focus on funding manufacturing in the UK, with the car industry likely to be one of the biggest benefactors, and it seems that the British public are backing this idea by buying British cars in record numbers.
Statistics from the Society Of Motor Manufacturers and Traders (SMMT) have shown that in the space of just one month, thousands of Brits bought cars made in the UK, with 119,338 being snapped up in May.
The SMMT said that this represented a growth of some 2.3 per cent when compared to the same month one year ago. In the space of a year, the number of cars being built for sale in the domestic market reflected this rising demand, climbing by 13 per cent across the past 12 months.
Mike Hawes, chief executive of the SMMT, said this is just the start of a promising future for the domestic car industry. As the number of vehicles made for sale in this country has risen, the number going overseas fell 0.2 per cent, showing just how confident British companies are about selling their cars at home.
The car industry is a crucial part of the British economy, accounting for some £64 billion in turnover each and every year. In addition to this, it employs 160,000 people directly, and also indirectly contributes to around 770,000 jobs, showing how vital the sector is.
Posted by Danielle Barge