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Car production leaps for first time – hoorah!

The motoring industry’s cheer this week was virtually audible as new figures from the Office of National Statistics suggested green shoots of recovery, with a 13.5 per cent rise in domestic car manufacturing.

‘Green shoots’ is a phrase you see banded about a lot in the current economic climate, but we believe, along with other experts, that the scrappage scheme has stimulated demand, which means a lot more lovely shiny motors coming off the end of the production line.

After all, this is the industry’s best performance since January 2007 and, in car-making terms, that’s a long time.

More cars is always good news for us as a major fuel card company, but this latest jump was good news for the country’s manufacturing industry as a whole, as the spike led to an overall manufacturing output of 0.4 per cent.

Meanwhile there was further good news as the Society of Motor Manufacturers and Traders announced new car registrations also rose by 2.4 per cent in July, the first growth in 15 months.

While the Telegraph erred on the side of caution in response to the rise in car sales by saying “more work needs to be done”, and we of course urge the Government to pledge its ongoing support of the motoring industry to ensure this isn’t just a temporary triumph, on this occasion we say: every little helps. Let good news be good news for once, please.


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