Output And Finance Figures Reveal Further Success For The British Automotive Sector

YORK, U.K. - April 27, 2016 - PRLog -- Despite concerns about a global economic slowdown being imminent the UK automotive sector has once again produced figures showing continued growth. The latest facts from the industry show that the growth and success experienced in this sector over the last five years has been sustained, with the indicators all pointing towards the exceptional performance levels continuing. John Gibson Associates, the leading name in British automotive recruitment services, take pride in the fact that the approach to employment in the sector which they introduced has been identified as creating the foundation for this success.

The year-to-year figures from February 2015 to February 2016 show an overall growth in output of just over 13%. This has been achieved despite a slight fall in the percentage of vehicles exported. Domestic demand for new vehicles increased by 24%, which is a factor many believe illustrates the fact that the British automotive sector is relatively insulated from any consequences of a global economic slowdown. Despite the slight fall in the number of exported vehicles, this element does remain crucial to the success of the industry, with just over 70% of all vehicles produced in the UK being destined for this purpose.

With respect to drivers of the increased domestic market the new channels for finance access are finally starting to have a visible presence. The move away from traditional vehicle financing models has led to more competitive credit offerings taking hold of the market. The year-to-year figures for new car financing from 2015 to 2016 show a 27% increase in the value of financing obtained across a 22% increase in the volume of new finance agreements reached. For comparison, the used car finance sector also recorded increases, with the same period reflecting a 23% increase in the value of finance over an 18% increase in volume.

In regards of how the British automotive industry has achieved this record level of sustained success in the market one of the most crucial factors cited is the adoption of the approach to employment which John Gibson Associates brought to the sector. By introducing measures such as advance candidate profiling and giving a higher value to personality compatibility in considering applicants, John Gibson Associates brought the importance of the stability for growth brought by long term appointments to the forefront of the sector. The success within the industry over the last five years has only been possible due to this stability being achieved.

John Gibson Associates have proudly served the employment requirements of the British automotive sector for over 25 years. In this time they have worked to ensure prestige brands in the industry employ only the very best staff whilst helping the most talented seeking opportunities find the most suitable career path for them to follow. The success of the service delivered by John Gibson Associates can be measured by the remarkable success which the industry has experienced with these recently released performance figures.

For more information visit http://www.jgauk.com/