It’s fantastic to hear that UK production has reached its highest level since 2007, with over 1.5 million cars produced last year.
Macclesfield, Cheshire (PRWEB UK) 28 January 2014
Car production in the UK is continuing to peak, with the latest figures by The Society of Motor Manufacturers and Traders (SMMT) revealing it hit a six-year high last year in rising by 3.1%.
A total of 1,509,762 million cars were produced in 2013, which was the highest volume since 2007 and worked out that a car was built in this country every 20 seconds.
UK manufacturing also has a large audience overseas with over 1.2 million of the cars produced last year sold abroad, with high demand in Russia, China and the United States.
The predictions for the future from industry experts are even bolder, with it estimated that 2 million cars will be built in the UK for 2017.
Car Loan 4U Director Ryan Dignan comments:
“It’s fantastic to hear that UK production has reached its highest level since 2007, with over 1.5 million cars produced last year.
“There are lots to be positive about when it comes to the car industry in the UK, with new car sales continuing to rise and the production line consistently upping the number of cars being produced.
“It’s also good to hear that predictions have been made that the UK is gearing up to become the third largest car manufacturer across Europe, behind Germany and Spain.”
Motorists looking to get their hands on a new or used car might want to consider their car finance solutions and as leading car finance providers, Car Loan 4U can help provide expert advice.
Car Loan 4U offers a wide range of car finance deals regardless of the customer’s history or circumstances to give a fast decision on loan applications for new or used cars, which can be underwritten and approved in minutes.
For further information, please visit http://www.carloan4u.co.uk.