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Automotive Report United Kingdom 1st Quarter Product Image

Automotive Report United Kingdom 1st Quarter

  • ID: 2138439
  • January 2014
  • Region: United Kingdom, Great Britain
  • 13 Pages
  • The Economist Intelligence Unit

UK production of passenger vehicles recovered steadily in 2009-12, primarily in response to emerging-market demand, but eased in 2013. New-car sales have picked up in line with the economy's recovery-growth of 5.3% year on year in 2012 accelerated to 10.8% in 2013, pushing sales to a six-year high.

Rapidly rising UK car sales since early 2012 have contrasted with a slump in demand in the euro zone, leading to the UK replacing France as the second-largest market in the EU28, after Germany. However, new UK registrations remain slightly below average annual sales of 2.4m units in 2000-08. Demand far outstrips domestic production, making the UK a net importer of vehicles.

The near-term outlook for the UK automotive sector is healthy. The Economist Intelligence Unit expects continued strong growth in 2014-of 6.7% year on year-in domestic new-car sales. We remain cautious on the medium-term outlook for UK new-car sales, given the prolonged contraction that real incomes have suffered. Nevertheless, we expect sales growth to average 1.2% a year in 2015-18, bringing the level of sales to a record high by the end of the forecast period.

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

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

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