Huge rise in Car production in UK
Industry figures have revealed that the car manufacturing in the UK has accelerated predominantly last month. It has raised 64.8% as compared to the same period the previous year. Manufacturing in 2009 was the 25-year low in the industry.
Since May 1976, this is the largest increase according to data from the Society of Motor Manufacturers and Traders (SMMT). In January, the total number of cars produced exceeded to 100,000. It was around 61,404 for the same month previous year. Commercial vehicle production in January 2010 also rose increasing by 9.6% compared with January 2009.
Experts say the increase is the result of improving confidence and the Government's taxpayer-backed scrappage scheme. More over consumers were enthusiastic to take advantage of the Government's scheme's £2,000 discount in January. The scheme will not be available at the end of next month.
That may be another cause for rise in production. After the deep recession this time last year, it was expected to have a big rise in car manufacturing. But SMMT said that despite the strong start to the year a modest growth is expected in 2010.