UK car production rose 15.1% in February from a year ago, as export-led growth continued. There was also a 10.2% rise in engine output, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Paul Everitt, SMMT chief executive, said there had been a 27% increase in exports, which "highlights the strength and competitiveness of UK products". BBC News - UK car production up 15% in February, says SMMT Great news for manufacturing, but I bet disaster is looming as most of the car plants seem to be Japanese, and knock on effects of component shortages etc 
How can this be? I was reading more people have resulted to walking or using a bus to get to work because of fuel costs, so surely this would also have a knock on effect Thanks, Kevin.Wiles
I notice they don't give any actual figures. It could mean that last year ten cars were made in the UK and this year we made eleven and there's one half-finished. That's a 15% improvement but it's not going to save the British Car Industry. on the other hand it could mean last year was 100,000 cars and this year it's 115,100, or we could be looking at millions... without the figures we don't know how excited to be! (And if Auntie edits the story to include actual figures after I've posted this, I'll cry.) VirtuallyMary
“It could mean that last year ten cars were made in the UK and this year we made eleven and there's one half-finished...” lol you cynic. Have to think back to glory days of British Motor Manufacturing dominance....
If you're going to buy a new car sometime over the next 2 years and what's on the market does far more mpg than your current model then it'd make sense to buy the new one now ... If customer demand's generally so weak that you can negotiate a super deal, it makes an even better case for buying now rather than later. My own preferred practice was different, ie to follow Which guidelines - never buy a car until it was at least 2 years old and then run it until it's ready to be scrapped. The biggest cost of running a car is depreciation and this way you minimise the loss. However you do need an invisibility cloak so customers don't see your tatty old heap!  Linda CareersPartnershipUK
“The biggest cost of running a car is depreciation and this way you minimise the loss. However you do need an invisibility cloak so customers don't see your tatty old heap! ”It's true, depreciation is a big factor, but you can also get stung with servicing costs on an older car, especially as they get more technically advanced, and require laptops instead of spanners  |
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