UK car production figures sharply up compared with previous year.
The number of cars produced in the UK rocketed in June compared with previous figures. Almost 118, cars rolled off the production line.
Compared with the figures for the same period last year, production had risen 28.6%.
This is a continuing trend of production increase. The last eight months have seen increases in production with the month of May showing the largest increase at 54%(compared with the same period last year).
Some put the trend and good figure down to investment and technologies. Paul Everitt, The SMMT’s Chief executive said:
“Continued investment in new products and technology is helping us sustain growth for the sector”
In addition, Other figures show that UK new car sales had risen in June by 10.8% compared with the same period in the previous year.
This is welcome news after the automotive industry suffered during the global downturn. The industry was hit with sales figures which were the lowest seen for 25 years in 2009. The Government introduced the scrappage scheme in order to boosts sales. The scheme ended in march this year and the fact that sales figures have continued to rise is seen as encouraging by the industry.
Quote Source: BBC