Strong export market drives fifth rise in auto output
- UK-based car manufacturing rose 14.1% in October and is up 5.8% over the year-to-date.
- CV output dipped 2.9% in October, and was down 2.7% over the January-October period.
- UK engine production rose 12.0% in October and is up 5.7% over the first 10 months of 2011.
“October was another positive month for UK vehicle production, with output up 12.5% and car manufacturing at its highest level since March,” said Paul Everitt, SMMT Chief Executive. “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.”
Click through to download the full UK automotive manufacturing news release.