UK reports car production growth image

Car production accelerated last month in the United Kingdom, according to the Society of Motor Manufacturers and Traders (SMMT). 128, 654 cars were built in the UK in October, accounting for a rise of 14.1 percent on the same month last year.

In the first ten months of the year, car production reached 1.11 million units, up 5.8 percent on the January-October 2010 period. However, commercial vehicle production was down 2.7 percent at 100,363 units for the first ten months of 2011. In October 2011, commercial vehicle production dropped 2.9 percent to 11,337 units, while engine production was on the increase, reaching 236,248 units (up 12 percent). Year-to-date, engine production rose 5.1 percent to 1.21 million.

“October was another positive month for UK vehicle production, with car manufacturing at its highest level since March. Strong export demand for UK-built cars and engines is good news for the economy during this difficult period. Weak UK market demand is a cause for concern and makes it essential that the Chancellor uses his autumn statement to help encourage private sector investment and boost economic growth,” said SMMT chief executive Paul Everitt.