Official reports have arrived that indicate UK car manufacturing figures have been on the rise throughout the past month, according to cheap car insurance quote experts.
In a recent article published by motor car insurance provider LV=, the Society of Motor Manufacturers and Traders recently reported that June’s vehicle production figures numbered 120,036,which was 1.8 per cent higher than the same period of time 12 months ago. These most recent figures, when added to the total already accrued to date, amount to 662,852 total cars manufactured in the UK, which is 4.1 per cent higher than year-to-date production levels for May 2010.
Heralding a welcome return to measurable growth according to Paul Everitt, chief executive for SMMT, the new figures could also lead to an increase in consumers visiting car insurance comparison sites for their new car purchases. However, May also saw a 2.2 per cent decline in the number of commercial vehicles manufactured, which totalled only 10,425 vehicles. The six month totals for commercial vehicles were also found to have been reduced by 4.9 per cent in comparison with 2010 figures.
The silver lining was that engine production increased by 0.8 per cent this past June in comparison to last year’s figures. Nearly 240,000 engines were constructed, which is a six month increase of 4.7 per cent over 2010, and amounted for a total 1.3 million engines constructed overall.
According to the SMMT, car production in the UK is predicted to culminate with an additional 100,000 vehicles to be manufactured before the end of 2011. Mr Everitt remarked that economic recovery efforts are still quite fragile, which are prompting both the industry and the Government into focussing their efforts on maintaining competitiveness and encouraging growth.