UK car manufacturing slows in Feb

UK car manufacturing slows in Feb

The number of cars made in Britain for UK motorists slumped by just over a fifth in February although the total built for export went up, according to new official figures.

The figures released by the Society of Motor Manufacturers and Traders (SMMT) showed that in February 133,730 cars were made in the UK - 2.7% less than during the same month last year.

Manufacturing for the home market was 20.8% down on the total for February 2013, the society said.

But it said 3.5% more cars were made for the export market in February 2014, with the value of the average exported car having risen by more than 70% to over £20,000 in the past seven years.

In total 1.4% less cars were built in the UK during the first two months of 2014 than in January and February last year.

Mike Hawes, SMMT chief executive, said the first two months of 2014 had seen overall UK car manufacturing dip "marginally due to forecast product cycle changes".

He said the increasing value of exported cars highlighted the sector's importance to the UK economy.

Copyright Press Association 2014