UK: Car manufacturing posts strong first quarter
Car manufacturing in the UK rose 0.3% in March, and was up 12.3% over the first quarter.
Figures released by the SMMT show that first quarter car production was 401,134 units, with exports up 10.2% to 327,226 units.
Commercial vehicle output fell by 21.3% in March (to 9,648 units), and was down 9.6% over the first three months of the year (to 29,086 units).
UK engine production fell by 8.7% in March and by 0.5% over the year-to-date.
“Car production held firm in March contributing to 12.3% growth during the first quarter of 2012. Challenging economic conditions in mainland Europe are a concern, but the sector continues to win business in important and faster growing export markets,’’ said Paul Everitt, SMMT Chief Executive.
“The prospects for the UK motor industry are extremely good with new investment, commitment and jobs being created by global automotive companies.’’