Motor insurance: car production up

Tuesday, 28 December 2010

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Motor insurance customers are now able to select from a wide range of newly produced cars, new industry figures show.

This is because car production accelerated in November by 11 per cent, which almost doubled the rate of growth that was recorded in October. The statistic also represents nearly a 30 per cent increase from last year, according to the Society of Motor Manufacturers and Traders (SMMT).

SMMT Chief Executive Paul Everitt said: "This year vehicle and engine production look set to better 2009 performance by some 300,000 units and while sales in 2011 will be challenging both domestically and in key export markets."

However, figures published by the society last month indicated that some car insurance customers were not buying new cars, as registrations fell in November and the decline was lower than anticipated.

The SMMT found that registrations fell by just over 11 per cent, while the new car market remained 3.4 per cent up over the first 11 months of the year.

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