UK factory biggest jump
January 22nd, 2010 by Richard Aucock
UK car production leapt nearly 60 percent in December – the biggest rise recorded since May 1976.
Latest figures from the SMMT show that, last month, 85,316 cars were built in the UK.
This takes the full-year total to 999,460. Yes, just a smidgen below the 1 million mark. Alas, this is still nearly 31 percent down on the year before.
‘The significant rise in December vehicle production is welcome news and signals some greater stability across global automotive markets,’ said SMMT chief executive Paul Everitt.
‘We expect the year ahead to be extremely challenging, but the return of economic growth and a competitive exchange rate will help UK producers.
Noting that the figures are significantly down on 2008, he said ‘car and commercial vehicle production remain well below pre-recession levels and it is essential that there continues to be a focus on creating more and better priced finance for businesses and consumers.’
The SMMT has also revealed engine production in the UK for the first time. Get this – last year, there were 2,053,456 motors built in this country..!
What’s your take on the 58.5 percent UK car production rise?
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Tags: SMMT, uk production