SMMT News UK Manufacturing

Car production soars in October

22 November 2007 #SMMT News #UK Manufacturing

 

Source:

Cars

Commercial Vehicles 

Total vehicles 

SMMT Ltd

Oct-07

YTD 2007

Oct-07

YTD 2007

Oct-07

YTD 2007

Total

152,253

1,285,765

22,216

179,136

174,469

1,464,901

 

31.1%

4.6%

11.8%

4.5%

28.3%

4.6%

Export

124,338

983,110

13,841

107,775

138,179

1,090,885

 

29.8%

4.8%

2.1%

-3.4%

26.4%

3.9%

% of total

81.7%

76.5%

62.3%

60.2%

79.2%

74.5%

Home

27,915

302,655

8,375

71,361

36,290

374,016

 

37.0%

4.1%

32.7%

19.0%

36.0%

6.6%

% of total

18.3%

23.5%

37.7%

39.8%

20.8%

25.5%

 

* October car production soars 31 per cent

* 81 per cent of cars destined for export

* Commercial vehicle production recovering with 11.8 per cent rise in October

 

Car production

‘October marked the fourth successive month of double digit growth in UK car production this year, with a 31.1 per cent rise,’ said Christopher Macgowan, SMMT chief executive. ‘This continued recovery is the result of strong demand for new models coming on stream. With the six month volumes up 12.4 per cent, we may even pass the year end forecast total of 1.525mn units.’

 

Commercial vehicle production

‘With a rise of 11.8 per cent, commercial vehicle production recovered in October, thanks mainly to strong domestic demand,’ said Christopher Macgowan, SMMT chief executive. ‘Growth came in both the heavy and light ends of the market and could well result in 2007’s total reaching its highest level since 1998.’

 

For more, please see the attached release.

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