Car production for UK market hits 5 year high

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Date Listed: 25/09/2009

The number of cars built for the UK market hit a five-year high in August as the motoring industry continued to benefit from the government's scrappage scheme.

According to new figures released by the Society of Motor Manufacturers and Traders (SMMT), overall production for the month was down by 31.5 per cent when compared to the same period last year.

However, with the government now supporting the scheme which offers buyers a £2,000 incentive to purchase a new car, the retail arm of the UK motoring industry is continuing to grow in strength, with one in three of the vehicles produced in August for the domestic market.

Despite this upturn in fortunes, the SMMT has added to calls for the scrappage scheme, which is expected to come to an end once the £300 million put aside for it runs out at the end of next month, to be extended.

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