UK car production continues to grow strongly
1 min read
March saw a record rise in UK car production, it emerged today (22 April). Although the 90%-plus growth figure is exaggerated by the dire state of the industry a year ago, it is nevertheless the fifth successive month of growth.
The 90.2% rise in UK car production saw output for home and export markets both increasing, with home production more than doubling, accounting for 27.6% of output during the first quarter. Meanwhile, commercial vehicle output rose 61.6% and UK engine production was up 43.6%.
Paul Everitt (pictured), chief executive at the Society of Motor Manufacturers and Traders (SMMT) said: "UK automotive production continued to make progress in March with strong growth in commercial vehicle, engine and car production. Headline figures highlight the scale of challenges faced this time last year, but also demonstrate a steady improvement in demand in home and export markets. Industry will continue to face tough market conditions with the Scrappage Incentive Scheme closing and limited access to finance and credit for consumers and businesses. A solid exchange rate and the world class competitiveness of the UK industry should help to sustain demand over the longer term."
