Automotive Productivity Up 208% Since 1999
The Society of Motor Manufacturers and Traders’ (SMMT’s) 20th annual Sustainability Report has been published, revealing that productivity in the automotive industry has risen by 208 per cent since 1999.
In the last 20 years, automotive manufacturing has become one of the most important economic assets in the UK, seeing turnover of £18 billion lat year, a rise of 70 per cent since the first report was published.
Workers also enjoy average salaries of £41,800, which is 40 per cent higher than the national average. Productivity has also climbed, with output per job growing by 208 per cent, up from £32,000 to reach £100,900.
Exports have also grown, with 81.5 per cent of cars produced last year meant for international markets, up from the 63.9 per cent in 1999.
Chief executive of the SMMT Mike Hawes said: “Industry has invested heavily in ever safer, more efficient technology, but in processes and measures that have significantly reduced its environmental impact.
“We are on the cusp of a transport revolution and this sector has the potential to be one of the world’s leading forces driving the change. For the UK to reap the full benefits, any future relationship with the EU must assure our competitiveness, delivering frictionless trade and a supportive business environment to encourage investment.”
The 40th SMMT Test Day was held in May, revealing significant advances in car safety, comfort and fuel efficiency. The next decade will also bring a new generation of autonomous cars, revolutionising both the roads and society. It’s thought that come 2030, 47,000 accidents will be prevented, saving 3,900 lives.
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