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Car production falls as scrappage effect fades
Wed, 08 Feb, 2012
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Car production falls as scrappage effect fades
Thu, 19 Aug 2010, 11:56:00
Car production in the UK turned sharply downward in July following eight months of increases, as the end of government schemes to subsidise purchases began to take effect. The number of cars produced in July totalled 98,145, an 8.9% fall from the same month the previous year. In the year to date, the number of cars produced climbed by 41.7% to 734,805. 'The easing of demand was anticipated following the end of scrappage incentives in markets around Europe,' said SMMT chief executive 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.' Sales of cars were boosted last year by 'scrappage' schemes in which governments gave motorists subsidies to part-exchange their old cars for new ones. The UK scrappage scheme ended on March 31.
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