Ninety per cent rise in car production
Car production rose by an astonishing 90 per cent last month it was revealed by the Society of Motor Manufacturers and Traders (SMMT).
This dramatic increase in production is the highest on record, reflecting what a serious position the car industry was in during the heights of the recession.
With more cars coming onto the market, eager buyers are expected to part with their cash for cars hot off the production line, with many dealers offering swappage type schemes.
The London Evening Standard report that last month alone, 117,622 cars were manufactured, delineating growth in the car production sector for the fifth successive month.
Chief executive of the SMMT, Paul Everitt, was cited in Car Dealer as commenting: ''Headline figures highlight the scale of challenges faced this time last year, but also demonstrate a steady improvement in demand for home and export markets.''
Everitt was positive about future growth, saying ''a solid exchange rate and the world class competitiveness of the UK industry should help to sustain demand over the longer term.''
Last month's figures also reflect optimism for UK car makers, reporting that the country is the fourth largest car producer in Europe, manufacturing two million engines and one million cars according to The Telegraph. Such production rates act to generate thousands of jobs in the UK's automotive industry.
Mr Everitt turned to the UK car industry in his statement, saying that ''The UK is home to world renowned brands with a hard won reputation for quality, design and productivity.''
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