“The fourth month of consecutive growth in new car production is encouraging news for industry. Manufacturers and government need to work together to ensure that there is continued investment in new products and technology to sustain future growth,” said SMMT chief executive, Paul Everitt. “Sterling movement has made UK-built products more competitive, enabling the UK to work through challenging economic conditions. UK-built engines and vehicles are exported to over 100 markets worldwide, offering some resilience to local market conditions. Industry looks to next week’s Budget to maintain stability in demand through continued investment in new products.”
| Source: | Cars | Commercial Vehicles | Total Vehicles | Total Engines | ||||
| SMMT Ltd | Feb-10 | YTD 2010 | Feb-10 | YTD 2010 | Feb-10 | YTD 2010 | Feb-10 | YTD 2010 |
| Total | 97,255 | 198,445 | 10,226 | 19,382 | 107,481 | 217,827 | 198,807 | 392,072 |
| % change | 62.7% | 63.8% | 74.2% | 36.3% | 63.7% | 60.9% | 58.9% | 40.9% |
| Export | 70,482 | 143,535 | 7,490 | 14,582 | 77,972 | 158,117 | 151,809 | 289,673 |
| % change | 51.2% | 46.6% | 68.3% | 34.3% | 52.7% | 45.4% | 49.1% | 34.2% |
| % of total | 72.5% | 72.3% | 73.2% | 75.2% | 72.5% | 72.6% | 76.4% | 73.9% |
| Home | 26,773 | 54,910 | 2,736 | 4,820 | 29,509 | 59,710 | 46,998 | 102,339 |
| % change | 103.4% | 135.7% | 92.7% | 43.2% | 102.4% | 124.0% | 101.4% | 64.2% |
| % of total | 27.5% | 27.7% | 26.8% | 24.9% | 27.5% | 27.4% | 23.6% | 26.1% |
- Car output up 62.7% in February, the fourth successive monthly rise.
- Commercial vehicle output also recovered sharply, up 74.2% in February.
- UK engine production was up 58.9% in February.
| Car production – rolling year total (Source: SMMT Ltd) |
Commercial vehicle production – rolling year total (Source: SMMT Ltd) |
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