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Automotive Report United Kingdom 1st Quarter

  • ID: 2138439
  • January 2016
  • Region: United Kingdom, Great Britain
  • 13 Pages
  • The Economist Intelligence Unit
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The UK is Europe's fourth-largest automotive manufacturer. The sector represents 3% of GDP value added, 15% of manufacturing value added and 10% of goods exports. In 2014 turnover rose by 6.6% year on year to a record £69.6bn (US$99bn). Overall, the automotive industry, including retail, creates 799,000 jobs, up by 3.5% from 2013.

Mass car manufacturing in the UK is dominated by foreign companies; the country has ten major automotive manufacturers, producing both passenger cars and commercial vehicle (CVs). Almost 80% of production is exported, but domestic demand far outstrips domestic production, making the UK a net importer of vehicles.

Car sales have been on an upswing since early 2012, making the UK the second-largest market in the EU after Germany. However, according to the European Automobile Manufacturers' Association (ACEA), growth in passenger-car registrations is slowing. It measured 6.3% in 2015, much slower than the 9.3% rise for the overall EU market. Even so, the UK's new registrations were at an all-time peak. So, too, were commercial vehicle registrations, which rose by a rapid 15.5% in 2015.

Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles
Industry Codes (NAIC): 336
Industry Codes (SIC): 37

Note: Product cover images may vary from those shown
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Automotive Report United Kingdom 1st Quarter

Automotive report

Automotive report: Overview

Automotive report: Passenger cars

Automotive report: Commercial and other vehicles

Automotive report: Production

Automotive report: Fuel sources

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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