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UK car production up by 28.6%

UK car production increased by 26.8% in the quarter to June 2010, far better than many analysts had expected in the current economic climate. However, it was also revealed that while the year-to-date has seen a 55% increase in the production of cars in the UK a massive 71% of these were actually exported to foreign markets. So why have exports increased dramatically?

While there is no doubt that the UK car market has shown signs of improvement over the last 12 months it is the level of the UK currency on the exchange rates which is benefiting the industry, and other export driven areas of business. It will be interesting to see how the export of vehicles in the UK, and indeed the production of vehicles, is impacted as and when the UK currency recovers to levels not seen for some time.

In due course we should also see an improvement in the domestic market as and when the UK economy improves and consumers have more "disposable income". Looking back, there is no doubt that the car industry in the UK suffered a major reduction in demand at the height of the UK recession with many people cutting back on big-ticket items such as cars and homes.

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