RTTNews - Car production in the U.K. continued to fall sharply in April, the Society of Motor Manufacturers and Traders Limited or SMMT said Friday.
According to latest report, car production fell 55.3% year-on-year to 68,258 in April. Commercial vehicle production was down 65.2% to 7,655. Hence, total vehicles produced in April were 56.5% lower than it was in the same month of the previous year.
In April, 56,267 cars were exported, down 53.4% from the last year.
With the scrappage incentive scheme fully operational, industry is optimistic about the positive impact this will have on the market and on UK production facilities, SMMT chief executive Paul Everitt said.
Despite the current difficulties, the UK must prepare for the return of global growth and government support for the industry is an essential part of the process, Everitt added.
Monday, the UK government launched its car scrappage scheme that allows drivers to scrap their cars that are more than 10 years old, in return for a GBP 2,000 discount on a new car.
The GBP 300 million-scrappage scheme, announced in last month's Budget, is intended to boost consumer confidence and kick-start demand for new cars.
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