UK car exports to China increase seven-fold

on February 19 2015 | in Daily Headlines Trending | by | with No Comments

Exports of cars to China have increased seven-fold since 2009, according to Figures released today (19 February) by the Society of Motor Manufacturers and Traders (SMMT).

In 2014,137,410 UK-built cars were exported to China, an increase of 14.5% over 2013. China is now the largest single market for British-built cars after the UK.

The trend in China reflects substantial growth in the wider Asian market, with the number of UK-built cars exported to Asia having more than trebled in five years.

The SMMT said that economic growth in a number of Asian markets such as China has led to an increased demand for high-quality and luxury vehicles and added that the UK has a rich heritage of producing premium vehicles which it has taken advantage of in recent years. Significant investment in brands such as Aston Martin, Bentley, Jaguar Land Rover, McLaren and Rolls-Royce, mean that 60% of all UK-built models on offer are from premium manufacturers.

Overall, the UK exported 1,195,190 cars to more than 100 countries worldwide last year, marking a 54.7% increase over 2009, when 772,210 cars were exported.

Read more at Fleetworld.

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