Car production jumps 62 per cent

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The Independent Online

Car and commercial vehicle production accelerated sharply ahead last month, it was announced today.

Car production increased 62.7 per cent compared with February 2009, when the industry was stuck firmly in recession, official figures from the Society of Motor Manufacturers and Traders (SMMT) showed.

Commercial vehicle (CV) production rose even higher last month - increasing 74.2 per cent.

SMMT chief executive Paul Everitt said: "The fourth month of consecutive growth in new car production is encouraging news for industry.

"Manufacturers and Government need to work together to ensure that there is continued investment in new products and technology to sustain future growth."

He went on: "Sterling movement has made UK-built products more competitive, enabling the UK to work through challenging economic conditions.

"UK-built engines and vehicles are exported to over 100 markets worldwide, offering some resilience to local market conditions. Industry looks to next week's Budget to maintain stability in demand through continued investment in new products."

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