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Car production rises in February

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The number of cars produced in the UK saw a year-on-year rise of 15.1% in February, new figures have shown.

A report by the Society of Motor Manufacturers and Traders (SMMT) found that a total of 111,983 cars were produced in the country last month.

However, findings revealed that the production of commercial vehicles (CV) fell annually by 3% to 9,923, while the number of engines manufactured rose by 10.2%.

According to the report, car production in the first two months of this year rose year-on-year by 12% - a development that will have been noted by dealerships and car insurance companies.

The report found that despite last month's decline, CV production is up annually by 2.6% for the year so far, while engine production saw a rise of 11.1% in the period.

Taking cars and CVs together, there was a 27.4% rise last month in the number of vehicles made for export.

Paul Everitt, chief executive, SMMT, said: "UK vehicle and engine production continue to lead a manufacturing recovery.

"The increase in export demand highlights the strength and competitiveness of UK products."

He added: "Next week's Budget will be crucial in creating the conditions for further investment in skills, research and development, and capital equipment - all essential for growth and maintaining global competitiveness."

© Press Association 2011