EUR USD GBP
+353-1-416-8900REST OF WORLD
1-800-526-8630U.S. (TOLL FREE)

Automotive Report United Kingdom 1st Quarter

  • ID: 2138439
  • Report
  • January 2017
  • Region: United Kingdom, Great Britain
  • 13 Pages
  • The Economist Intelligence Unit
1 of 3
The UK is Europe's fourth-largest automotive manufacturer and the second-largest market for passenger cars, behind Germany. The sector represents 3% of GDP value added and 15% of manufacturing value added, with record turnover of £71.6bn (US$109bn) in 2015, according to the Society of Motor Manufacturers and Traders (SMMT). Some 814,000 jobs are directly created by the motor vehicles industry.

The UK is home to some of the world's most prestigious luxury brands, such as Rolls Royce, Aston Martin, Bentley and Jaguar. Most are now foreign-owned, and mass car manufacturing is also dominated by foreign companies. Domestic demand outstrips domestic production, making the UK a net importer of vehicles.

In March 2017 the UK is set to begin negotiations to leave the EU, following a referendum in June 2016. The process will cause upheaval in the country's economy and automotive industry. In the short term, depreciation of the pound will boost the competitiveness of UK auto exports, but uncertainty could deter foreign investment. In the longer term, higher EU trade barriers may disrupt supply chains, but could also deter vehicle imports, aiding local vehicle manufacturers.

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
2 of 3
Automotive Report United Kingdom 1st Quarter

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
3 of 3
Note: Product cover images may vary from those shown
Adroll
adroll