UK Car production rises 6% in October

The SMMT published their monthly report on car production in the UK yesterday and found that Car Production grew by 6% in October 2010 but new car registrations are down by over 20%! Most of the Cars produced in the UK are exported, over 70% this year but there has been a recent explosion in production of Commercial Vehicles.
Earlier in the year the UK's scrappage scheme is believed to have bolstered the new car market but when it ended in March new car registrations fell heavily and have continued to do so for the rest of this year. Overall it is expected that new car registrations will still be 1.5% better than 2009 but without the scrappage scheme 2010 would have been on par with 2009.
Anyone who has recently bought a new car and though I'll sell my car in 2011 or 2012 is most likely to be pleased with the value of their car as the nearly new car market is expected to be thirsty for these cars. More information can be found here