UK car manufacturing should ‘continue to power ahead’ in 2014, says PwC
Newly released data from the Society of Motor Manufacturers and Traders shows that output in January was down 0.3% to 128,620 cars compared to the same month in 2013.
In response, Phil Harrold, automotive partner, PwC, said: ‘The figures show that UK production for export remains strong whilst production for the domestic market has slowed a little, possibly as PPI claims monies begin to tail off. With the European market showing some recovery (up 5% according to recent figures) and new model launches scheduled later in the year, the overall industry should continue to power ahead.’
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Natalie Middleton
Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.
