Car production up 14.1% in October

UK car production rose 14.1% year-on-year to 128,654 in October, new figures released by the Society of Motor Manufacturers and Traders (SMMT) have shown.

There was a 5.8% year-on-year rise in the number of cars produced in the January-October period of 2011 to over 1.11 million.

New owners may be rushing tocar insurance providers to take out adequate cover.

A total of 11,337 commercial vehicles (CV) were produced last month, down 2.9% compared with the corresponding period in 2010, while the January-October figure dropped 2.7% to 100,363.

Data shows a 12.0% year-on-year increase in engine production to 236,248 in October, while the figure for the first 10 months of 2011 rose 5.1% to 1.21 million.

Paul Everitt, chief executive of the SMMT, said: "October was another positive month for UK vehicle production, with car manufacturing at its highest level since March.

"Strong export demand for UK-built cars and engines is good news for the economy during this difficult period. Weak UK market demand is a cause for concern and makes it essential that the Chancellor uses his autumn statement to help encourage private sector investment and boost economic growth."

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