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South: UK car exports race to five million this decade, reports SMMT

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TBM Team

Figures released by the Society of Motor Manufacturers and Traders (SMMT) show that July 2014 marked five million cars exported from UK since the beginning of 2010 – the best performance of any decade.

132,570 cars were manufactured in July – a rise of 2.8%, as 2014’s steady growth continues.

In another UK motoring feat, the average car exported today is worth over £20,600, compared to just £10,200 in 2004.

"The UK automotive industry continued its renaissance in July, with the month marking five million car exports since 2010," said Mike Hawes, SMMT chief executive.

"This is a major milestone and testament to the burgeoning reputation of UK automotive excellence and demand for British-made cars. Significantly, UK car export values have doubled over the past decade – reflecting the diversity of the products we make and proving the sector’s worth as a global investment opportunity.”

TBM Team

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