Production figures released on Tuesday by the Office for National Statistics show that UK car production in February 2003 fell by 7.1% year on year while export production rose 3.9%. Year to date production was down 7.8% to 278,373 units while exports were up 5.1% to 175,217.
SMMT chief executive Christopher Macgowan said: “From a strong base in 2002, production has dipped slightly but the outlook remains good. The production of cars built for export continues to grow and while production of cars built for the UK market has eased, the introduction of a number of new models is likely to see strong growth in key plants later this year.
“2003 will be a year of consolidation and modest growth with year-end totals expected to reach 1.68 million, up 3% on 2002.”