(RTTNews) - Car manufacturing in the U.K. rose 10.7 percent year-on-year in August, the Society of Motor Manufacturers and Traders (SMMT) said Thursday, adding that production is set to exceed the 2010 production volumes this year.
A total of 86,250 cars were manufactured during the month. During the first eight months of the year, production grew 4.4 percent compared to the same period last year.
Production of commercial vehicle grew 9.3 percent year-on-year, while the number of total vehicles produced rose 10.6 percent. UK engine production rose 14.4 percent in August and was up 4.8 percent over the first eight months of the year.
"We are on target to exceed 2010 production volumes this year, with more growth to come in 2012. said SMMT Chief Executive Paul Everitt. "A manufacturing-led recovery is taking shape with August's automotive output up more than 10 percent and a recent wave of private investment securing long-term growth for the UK sector," Everitt noted.
Positive news on inward investment is helping automotive manufacturing to recover further, the industry group said.
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