American Demand for British Cars Up 50%

January 27, 2017 Staff Corporate Business, Highlights Comments Off on American Demand for British Cars Up 50%

According to a recent article on CNN, American drivers are growing increasingly fond of British-made automobiles. They purchased nearly 50% more British cars in 2016 compare to the previous year, helping British automakers hike their annual production to a 17-year high.

American Demand for British Cars Up 50%- PM Modi at Jaguar Land Rover Plant
The Prime Minister, Shri Narendra Modi visiting the Jaguar and Land Rover factory, in Solihull, during his visit to UK on November 14, 2015.

The U.K. Society of Motor Manufacturers and Traders said nearly 200,000 British-made cars were shipped to the U.S. last year. Meanwhile, just 40,000 U.S. cars were registered in the U.K. in 2016. The U.S. is the largest national market for U.K auto exports.

Demand may have gotten an extra boost as the U.K. currency has fallen in the wake of the Brexit referendum. The pound is down about 16% since the vote and recently hit a 31-year low. Americans’ favorite British-made cars are Honda Civics, Range Rover Sports and Jaguar XEs. They were among a record of 17.6 million cars and trucks bought by Americans last year, according to figures from sales tracker Autodata.

Note: Parts or all of this story originally appeared in CNN Money. 
Staff

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