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128,654 cars made as output rises

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Motor vehicle manufacture speeded up in October with 128,654 being made around Britain, representing an increase of 14.1% on the same period in 2010.

From January to October car production hit 1.11 million, a 5.8% rise on the same month last year. However, commercial production (CV) fell 2.7% to 100,363 for the first 10 months of this year, said the Society of Motor Manufacturers and Traders (SMMT).

In October, CV output fell by 2.9% to 11,337 although engine production was up at 236,248. For 2011 so far, engine production was up by 5.1% to 1.21 million.

With the proliferation of new cars, buyers of new models will find themselves budgeting extra carefully for good car insurance deals.

Car manufacturing hit its highest level since March, said SMMT chief executive Paul Everitt, adding that big export demand was good for the economy at a troubled time.

However, weak UK market demand gave cause for concern, making it vital for Chancellor George Osborne to use his autumn statement to encourage private sector investment and thus boost economic growth, said Mr Everitt.

© Press Association 2011