By Daniel Hunter
According to official figures released today (Thursday) by the Society of Motor Manufacturers and Traders (SMMT) UK car production in March rose 0.3% from a year earlier to 135,456.
Whilst cars made for export fell by 1.8%, the number of cars produced for the UK market rose by 9.3% in March.
Almost 80% of the cars produced in the UK in March were for overseas markets.
“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."
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