Motor part makers buoyed by car boom

Motor part makers buoyed by car boom

The UK car boom is having a beneficial knock-on effect on British component suppliers, according to a new report.

Domestic motor part manufacturers sold nearly a fifth more (19%) items to home carmakers in 2014 than the year before, the Automotive Council reported on Friday.

More and more motorists are using dealers selling UK-produced motors. A jump in British vehicle production of over 50% over the past six years has generated this parts manufacturing upsurge.

Vince Cable, the Business Secretary, lauded the new figures and predicts further expansion in the motor industry.

He said a rising amount of UK-made parts are going directly to strengthen the supply chain to domestic motor manufacturers.

Today the proportion of UK-sourced parts for the home vehicle-building market is around a third. This contrasts with the 90%-plus seen during the mid-1970s.

The UK's automotive sector resurgence had seen around £1 billion worth of work returning to Britain, Mr Cable added.

Copyright Press Association 2015