UK car production is targeted to reach its highest level in six years. This is in despite the fact that lower output in September was recorded for the month.
The Society of Motor Manufacturers and Traders has reported that UK car production fell by nearly 3 percent to 137,068 vehicles in September as plants prepared for new models. But despite this there is confidence that production in the UK would continue to return toward pre-recession levels.
The UK produced 1.13 million cars in the first nine months, more than any year since the 2008-2009 financial crisis after which sales and output rapidly decreased and which was so severe that the government were forced to introduce incentives for buyers to scrap old cars for new ones.
However following this sales have remained high helped by the availability of cheap credit. Estimates for 2017 suggest that the UK will make 2 million cars which will beat the previous high of 1.92 million set in 1972.
For more information on this story visit the SMMT website.
