CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

UK car manufacturing hits 7 year high

Article By: ,  Financial Analyst
January 23, 2015 12:26 PM

Car production has hit a seven-year high, according to figures published by the Society of Motor Manufacturing and Traders (SMMT).

In the past 12 months over 1.5 million vehicles came off production lines at car manufacturing plants across the UK. The strongest December in ten years saw 108,721 cars produced, a 27.1 per cent increase on the same time a year earlier, and allowed an overall rise of 1.2 per cent compared to 2013's figure.

The SMMT explained that one of the key drivers for the UK's success has been the diversity in the cars produced. Plants made a range of volume, premium and specialist products to suit the demand from across the world. This change in attitude has led to an increase in demand from countries outside the European Union (EU).

China now represents the UK's second-largest market outside the EU with the Asian nation accounting for 12 per cent of exports in the past 12 months. It represent a significant rise since 2007 when Chinese money only represented one per cent of the UK's target markets.

Mike Hawes, SMMT chief executive, said: “Placed in context, a 1.2 per cent growth in UK car manufacturing in 2014 represents a very successful year. The industry has overcome various challenges, including slower than expected EU recovery and weakness in some global markets."

It has been a good year for specific brands in the UK with both Jaguar Land Rover and Rolls-Royce posting positive figures in the last 12 months. The latter announced earlier in the year that it had broken its sales record for the first time in its history during 2014.

The company stated that it had sold over 4,000 cars throughout the year, marking a 12 per cent increase on 2013. It was also the fifth consecutive year which Rolls-Royce had surpassed its previous record high.

Find up to date information on the FTSE 100 and spread betting strategies at City Index.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024