SMMT reports rise in car production
UK car production was up by 54 per cent in May compared to the same time last year, new figures from the SMMT show.
A total of 104,365 cars were built last month, according to the Society of Motor Manufacturers and Traders (SMMT), and production for the year to date was up by 62.6 per cent.
Commercial-vehicle output rose by 129 per cent for May and 55.7 per cent for the first five months of 2010, while engine production was up 35.9 per cent and 40 per cent for the same periods.
‘The recovery in UK vehicle and engine production continued for the seventh consecutive month, with commercial vehicle output more than doubling against a weak 2009,’ said SMMT chief executive Paul Everitt.
‘There is concern that fiscal consolidation across Europe may impact demand in the months ahead and it is important that next week’s budget helps to sustain consumer and business confidence, as well as encouraging UK investment in new technology and advanced skills.’
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