UK Car Industry Growth High

UK Car Industry Growth High.

The UK economy has seen improvements in different sectors and the UK’s car manufacturing industry is no different helping to stimulate the economy with increased sales and boosted employment.

As confidence in the economy returns to Britain, data from the Society of Motor Manufacturers and Traders (SMMT) showed that the UK is now Europe’s second biggest car market overtaking France. Jobs are being created by the industry with thousands of jobs being created by such car manufacturer’s as Bentley.

The car manufacturering industry has been rising since 2007, with a rise in 2013 of 10.8% compared to 2012. One reason behind the strength is very attractive finance packages being offered to buyers with nearly 3 quarters of all vehicles being sold with some sort of finance deal.

December 2013 saw the 22^nd month of rises increasing to 23.7%.

Britain’s car industry is doing better than the rest of Europe where car sales have been declining, 2012 saw sales drop by 7.8% when compared to the year before.