traders insurance

UK car production rising

by Tim on April 29, 2010

March was the fifth consecutive month of increasing car production in the UK — an increase of 90%.

Motor Trader reports that in comparison to Q1 last year, car production is up by 73 per cent. The commercial vehicle market is also improving, with a 45% increase in production in Q1 in comparison to 2009 figures.

Industry experts believe that whilst these figures are encouraging, manufactures in the motor trade industry should not rest on their laurels.

Marc Summers, head of KPMG, has stated that as the year progresses ‘car production figures will come up against harder comparatives. The key drivers of growth for the automotive industry will fall into two sectors: premium brands and commercial vehicles.’

Of course only time will tell how long industry will grow for — especially with a potential new EU crisis on the way. Let’s hope growth lasts this time ’round!

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