With the recession behind us *fingers crossed* so are the struggling times for the UK car industry *toes crossed* and judging by figures just released this may well be the case after it was announced our car industry rose by a very solid 90.2% in March compared with the same month a year ago.
The reasoning for the improvement is thought to be due to the Government’s Car for Bangers scheme but now that that’s come to an end its thought that tough times may still be ahead for the British motoring industry. The Society of Motoring Manufacturers and Traders (SMMT) who release the stats also confirmed that production has now increased for the last five consecutive months.
SMMT CEO Paul Everitt dissected the findings saying: 'The industry will continue to face tough market conditions with the scrappage incentive scheme closing and limited access to finance and credit for consumers and businesses.'
A booming car industry or not, it looks like things are better than they were.