UK automotive announces record £69.5bn turnover

Posted on 30 Jun 2015 by Callum Bentley

New figures released today by the Society of Motor Manufacturers and Traders (SMMT) confirm the growing strength and vitality of the UK automotive industry and its ascendancy as a major global player.

SMMT’s 16th annual Sustainability Report confirms the sector is breaking new records, with turnover hitting an all time high of £69.5 billion in 2014. Manufacturing output, vehicle sales, jobs and export values also grew, while the environmental impact from vehicle production has been reduced dramatically. The latest figures confirm an upward trend for new vehicle…

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