Study of figures from September this year has revealed that UK's car production has fallen by a total of 16.1%, which is all time yearly low. The figures were made public on Friday by the Society of Motor Manufacturers and Traders.

Reports indicate that 119,616 were manufactured in Britain last month, which has taken the annual production figures to 694,769. Figures show a 41.2% decline in the number of manufactured cars when compared to the same time last year.

SMMT Chief Executive Paul Everitt said, "The rate of decline ... slowed to its lowest level in a year with the volume of vehicles being produced for the UK market comparatively high". The Society has also revealed that according to its estimates, the production will be weak for times to come as well, even further than the overall 50% reported.

In Everitt's words, "The UK economy is slowly emerging from recession, but businesses remain reluctant to commit to large capital investments and this is reflected in low demand for commercial vehicles"

(via TopNews United Kingdom. Contributed by Sunil Kumar)

Image Credits: burnley.gov.uk