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UK automotive turnover hits new record of £69.5 billion

By Bai Tianxing (People's Daily Online)    13:33, July 15, 2015
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LONDON Jul. 14 (People's Daily Online)—— New figures released recently by the Society of Motor Manufacturers and Traders (SMMT) confirm the growing strength and vitality of the UK automotive industry and its ascendancy as a major global player. SMMT’s 16th annual Sustainability Report confirms the sector is breaking new records, with turnover hitting an all time high of £69.5 billion in 2014. Manufacturing output, vehicle sales, jobs and export values also grew, while the environmental impact from vehicle production has been reduced dramatically.

The latest figures confirm an upward trend for new vehicle demand and manufacturing output, with almost 1.6 million vehicles built in 2014. Last year, car production alone grew to 1.53 million units with an increasing number of vehicles built for the domestic new car market, which itself grew 9.3% to reach 2.48 million registrations last year.

Meanwhile, investment in more efficient, high-tech manufacturing processes has led to huge gains in productivity. In each of the five years to 2014, an average of 11.5 vehicles were produced for every person employed in the industry, compared with 9.3 vehicles for the period from 2005 to 2009.

Despite greater production volumes, environmental impact has been significantly reduced. Total waste to landfill from all automotive production fell by more than a quarter (26.3%) in 2014, and an exceptional 92.3% since 2000. Meanwhile, water and energy use fell by 10.7% and 10.4% respectively, and CO2 emissions per vehicle produced fell by 5% compared with 2013. Industry has also made considerable improvement to its already outstanding safety record with the number of workplace incidents per 1,000 employees falling to an all-time low of 2.2 – down 83.9% on 2002, when data was first collected.

Mike Hawes, SMMT chief executive, said, “The UK automotive industry can be proud of its achievements as it continues to set new standards. The sector is delivering growth in volumes, turnover and employment, while reducing its environmental impact. Continuing to expand in a fiercely competitive global market is a major challenge and will depend on a supportive economic and regulatory environment which promotes investment to foster innovation and continuing productivity improvements.”  

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Chun,Zhang Qian)

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