|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Thursday 13th of January 2011
October 21, 2010    

UK car production up in September

Bookmark and Share

by Kay Murchie
”UK

Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a rise in UK car production for the month of September.

UK car production rose 5.8% against the same month a year ago, the SMMT said.

For the year-to-date, car production is 35% higher than in the same period last year, the Society added.

Meanwhile, it was strong month for commercial vehicles, with output growing by 16.7%.

Commenting on today’s figures, Paul Everitt, SMMT chief executive, said: “UK vehicle production was up 6.6% in September with rises across the car, commercial vehicle and engine sectors, signalling continued improvement in the market.”

Mr Everitt added that he was encouraged by the Government’s Comprehensive Spending Review and its commitment to the UK motor industry.

“Support for low carbon vehicles, skills and R&D (research and development) will all help to sustain and encourage investment in the UK motor industry,” he said.

Earlier this month, the SMMT announced UK car sales fell by 8.9% in September compared with the same month in 2009.

It represented the third consecutive monthly fall but was expected due to the withdrawal of the scrappage scheme.

The motor industry was recently boosted by the scrappage scheme. The £400 million initiative, which was launched in May 2009 to boost the ailing car industry, paid drivers of cars at least 10 years old £2,000 off the price of a new vehicle.

However, the ‘cash for bangers’ scheme ended on 31 March.

Discuss this in the Finance Markets forums

Story link: UK car production up in September




Related financial stories to: UK car production up in September:
Previous: «
Next: »

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , , encouraged, , , , , , ,

Visited 699 times, 4 so far today