UK Car Production Sees Busiest January for 8 Years

British car manufacturing got off to a strong start in 2016 with an 8 percent year-on-year increase in January, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).

Boosted by strong demand from overseas,137,552 cars were built last month, with a 10 percent increase in the number of vehicles produced for export and a 3 percent rise in the amount of cars destined for the domestic market.

Around four in five cars built in Britain are exported.

"January's figures mark an encouraging start to the year for the UK car industry, following an impressive 2015," Mike Hawes, SMMT chief executive, said.

"We expect output to continue growing in the coming years as the industry benefits from continuing investment, but much will depend on global economic and political conditions and consumer confidence."

The performance follows a record year for exports in 2015, with total car production reaching 1.6 million – the highest in a decade.

By Tracey McBain