Car production up 60%
March 19th, 2010 by Richard Aucock
CAR production in the UK continues to skyrocket with February figures showing a huge 62.7 percent rise.
This is the 4th successive monthly rise.
Last month, 97,255 cars were built in the UK – and 70,482 of them were exported, which is good news for UK Balance of Payments figures.
‘The 4 month of consecutive growth in new car production is encouraging news for industry,’ said SMMT chief Paul Everitt.
‘Sterling movement has made UK-built products more competitive, enabling the UK to work through challenging economic conditions.
‘UK-built engines and vehicles are exported to over 100 markets worldwide, offering some resilience to local market conditions.
‘Industry looks to next week’s Budget to maintain stability in demand through continued investment in new products.’
Everitt also praised the close work between the car industry and Government, of which there has been plenty of news elsewhere today.
‘Manufacturers and government need to work together to ensure that there is continued investment in new products and technology to sustain future growth.’
Tags: budget 2010, car production, SMMT