Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp rise in UK car production for the month of February.
Car production surged 62.7% against the same month a year ago and represents the fourth consecutive month that output has seen a year-on-year increase.
The SMMT said there 97,255 cars were produced in February – the majority of which were exported, while 10,226 commercial vehicles were made in the same period.
The SMMT said the scrappage scheme continues to boost production. The scheme, dubbed ‘cash for bangers‘, is due to expire at the end of this month and the SMMT said the industry will be affected by the end of the scheme.
Meanwhile, commenting on today’s figures, Paul Everitt, SMMT chief executive, said he was encouraged by the figures and said the weakness of the pound helped exporters.
“Sterling movement has made UK-built products more competitive, enabling the UK to work through challenging economic conditions,” said Mr Everitt.
“UK-built engines and vehicles are exported to over 100 markets worldwide, offering some resilience to local market conditions,” he added.
He concluded the industry is looking “to next week’s Budget to maintain stability in demand through continued investment in new products.”
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