Car production decline continuing to slow
Car production decline continuing to slow
The performance of the UK car production industry is improving in comparison to 2008, according to new figures from the Society of Motor Manufacturers and Traders (SMMT).
Figures from the body reveal that the total number of cars produced in October was 6.7 per cent less than the same period in 2008, the smallest such gap recorded this year.
The society accredited this improvement to the increase in motor trade activity since the beginning of the government's scrappage scheme, as well as recovery in the global market.
However, Paul Everitt, chief executive of SMMT, predicted that 2010 would nevertheless be a difficult year for the sector and called for it to be supported by government initiatives.
He said: "Building business and consumer confidence will be key factors during the first half of 2010."
Last month, SMMT increased its prediction for the total number of cars to be sold this year due to improved industry performance since the scrappage scheme commenced.
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