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The current state of Britain’s automotive industry

Home / News / The current state of Britain’s automotive industry

In recent years, the automotive industry, like so many other industries, has been affected by the downturn in the economy. With austerity having hit our pockets, we find ourselves buying fewer cars. On top of this, there is a distinct shortage of skills within the industry itself. However, the automotive industry is now back on the rise. The British industry, which has given the world renowned brands such as Aston Martin, Bentley, Jaguar and Rolls Royce and world-famous cars such as the Aston Martin DB5, the Mini, the Rover P5 and the Lotus Esprit, is very much experiencing a surge in employment and manufacturing.

From 2007 to 2011, new car registrations plummeted, reaching their lowest point in 2011. However, since then, new car registrations have been slowly increasing. In July 2014, there was a 6.6% increase in car sales, marking the 29th consecutive month of rising car sales. In turn, the Society of Motor Manufacturers and Traders have boosted their sales forecasts, believing that this year could be excellent for manufacturing.

Turnover has risen 30% in a year and, since 2013, 44,000 new jobs were added to the industry, providing a healthy dose of new staff into the industry. When combined with the £3.4bn increase in the value of exports between 2012 and 2013, it’s clear that the industry is recovering swiftly. This is a far cry from 2011 when car registrations fell to 1.94 million. In the same year, the industry contributed to just 2.3% of the GDP, far below the contribution of other industries.

The automotive industry delivers, on average, an annual injection of £12 billion into the British economy. The popularity of British vehicles is helping to drive this recovery, with manufacturing consistently growing and with exports of cars to countries such as Russia and China helping to bolster the economy. These exports are helping to drive forth the revival of the industry from its lows in 2011.

As the industry grows, so too does the need for staff. In order for further growth to be attained, the best staff need to be hired. John Gibson Associates is leading this push and we are personally hoping to see 2014 become one of the best years for the industry in terms of car registrations, GDP contribution and car sales. We continue to be committed to matching the most skilled and talented candidates with the bets motor trade jobs to ensure excellent results for both sides.