New Customer: 01244 525410 / Existing Customer: 01244 527300
  • Views from the flipside

    UK car production highest since 2008

    Tell me more

Views from the flipside

New figures released by the Society of Motor Manufacturers and Traders (SMMT) has revealed that UK car production is at the highest half-year level since 2008 – encouraging news for the UK economy.

Between January and June, 793,642 cars were manufactured showing an increase of 0.3% compared to the same half-year period in 2014.

June figures also indicate production for export is up 9.0%, this is currently exceeding the level of vehicles produced for the UK which dropped by 7.1%.

*Mike Hawes, SMMT Chief Executive, said, "The sector is ahead of the game on productivity, with investment in efficient, high-tech manufacturing processes and a highly skilled workforce resulting in huge gains over the past decade.

"This success has been built on significant industry investment and has also relied on a positive relationship with government, essential if the industry is to maintain its international competitiveness."

*Source: http://www.smmt.co.uk/2015/07/best-half-year-for-uk-car-manufacturing-since-2008-as-productivity-accelerates/


Like this article? You may also be interested in…

Small businesses pushing vehicles to the limit

Manage tax with minimum fuss: Top tips for SMEs

UK construction sees confidence thrive

Why choose LDF?

  • No red tape, so you can receive funds in as little as 24 hours
  • We accept 4 out of every 5 applications
  • Apply quickly and easily with E-sign loan documents
  • You’ll always speak to the same person
  • Free up cash flow for other areas of your business
  • Tailored finance agreements to suit your specific needs
Find out more

Views from the flipside

What our customers say

We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. LDF were professional, helpful, friendly, and best of all, fast.

CEO Awards 2016 Winner - Flintshire Business Awards Leasinglife Awards 2016 Leasing World Award 2017 SME Awards - Alternative Funder of the YearInnovator of the Year 2016Business Comparison Asset Finance Lender Award Growing Business Award - Amazon