Car production recovering
August 21st, 2009 by Richard Aucock
SCRAPPAGE continues to help reduce car production losses in the UK – but vans remain under pressure.
The total drop for July 2009 dipped under 18 percent compared to 2009; this contrasts with the considerably more severe year-to-date fall of 45.8 percent.
However, there is less joy for van production. This remained down by almost 60 percent in July.
It’s even worse year-to-date, recording a 63.8 percent crash.
‘The commercial vehicle market is suffering from depressed demand across Europe,’ said SMMT chief Paul Everitt.
‘This continues to affect the level of CV production… furthermore, high stock levels mean that vehicle production may not recover as fast as the market.’
He was more upbeat on the car side, though.
‘The UK motor industry is starting to stabilise but remains fragile.
‘Industry needs government to deliver support through the Automotive Assistance Programme and encourage banks to provide access to much needed finance and credit.’
Tags: car production, production, scrappage, SMMT