UK Car Production Falls in July
Sector: Retail & Leisure
19th August 2010
UK car production fell heavily in July, figures have shown, dropping 8.9% on the same month last year. Just over 98,000 cars were produced in the month, according to the Society of Motor Manufacturers and Traders (SMMT).
The drop comes after a run of eight straight months when production increased. "The easing of demand was anticipated following the end of scrappage incentives in markets around Europe," said SMMT chief Paul Everitt. "UK vehicle production is more than 40% up on last year's levels and whilst we expect some challenging conditions, economic growth has returned in all major markets around the world."
Total vehicle production was down by 7.5% to 107,578, and engine production fell 3.4% last month. But commercial vehicle output grew by 10.7% in July and by 43.2% in first seven months. The government scrappage scheme introduced last year, which offered new buyers a £2,000 discount if they scrapped a car that was more than 10 years old, had helped to boost demand. The scheme ended in March this year.
Source: BBC News
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