According to The Independent, Britain will soon be making almost four cars a minute as the UK’s motor industry booms with record high production figures. The Society of Motor Manufacturers and Traders (SMMT) predicts the number of new vehicles being built in Britain will climb to almost 2 million by 2017, based on current trends.
In a new report it reveals that turnover hit an all-time high of £69.5bn last year, while almost 1.6 million vehicles were built, the highest vehicle production figures since 2008.
Last year, car production alone grew to 1.53 million units – the highest level since 2007 – with an increasing number of vehicles built for the domestic new car market, which itself grew 9.3 per cent to reach 2.48 million registrations last year.
Meanwhile, the number of jobs in the industry climbed 3.5 per cent in 2014 to 799,000. The number of people employed in automotive manufacturing and retail increased by 27,000 last year, with the average worker responsible for generating £440,000 in turnover, said the SMMT.
Check out the full story at The Independent.