Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

SMMT hails 'good health' of UK auto industry

Fri, 25 Apr 2008
The UK automobile manufacturing sector is in good health, according to an industry body.

Statistics from the Society of Motor Manufacturers and Traders (SMMT) show that there has been a 10.7 per cent increase in vehicles made in 2008 compared to this time last year.

Indeed, the figures reveal that some 127,064 cars were put together in March 2008, as well as 18,817 commercial vehicles - 421,531 and 60,291 respectively for the year to date.

"UK automotive manufacturing is in good health ... The success of UK manufacturing provides important balance to the economy and helps to underpin core service sectors," said Paul Everitt, chief executive of the SMMT.

This comes as the SMMT has announced that its members will put in place measures which will ensure an 85 per cent reusability rate when it comes to recycling its vehicles, according to industry source just-auto.com.ADNFCR-1081-ID-18568591-ADNFCR

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17

£186.05

48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH