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UK car production down 31.5% in August

Despite the fact that the UK car industry has been performing very well over the last three months, it was today confirmed that the production of new cars in the UK fell by 31.5% in August. This figure has shocked many in the industry although when you consider that August is historically one of the quieter months in the new car calendar, it is maybe not as bad as it looks at first glance. However what does the future hold?

There is a real feeling within the UK car industry that the UK scrappage scheme is quickly running out of money with pessimists suggesting it could be as early as next week when the government calls a halt to the scheme. However, if the scheme was to run out of money in the short term the UK government would be under significant pressure to inject more taxpayer money at a time when the UK car industry is yet again recovering from a number of body blows.

Those who follow the industry will be well aware of the troubles of Vauxhall, and the takeover of GM Europe, together with plans by Jaguar Land Rover to close one of their plants over the next few years. Will the UK government be forced to inject further money into the car scrappage scheme?

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