Tue, Jul 31, 2018 9:14 PM
The UK public’s demand for British built cars has dropped by a staggering 47% in the past year according to industry experts the Society of Motor Manufacturers and Traders.
Almost nine out of ten cars built in factories in the British Isles are now shipped abroad, with the EU the No.1 destination. This huge shift is raising alarm bells across the industry, with the prospect of a hard Brexit bringing all sorts of potential issues for the export market and much more.
Though exports rose by 6% in June, overall output dropped by -5.5%, which has left the SMMT’s Chief Executive, Mike Hawes, calling for a smooth transition during Brexit: “June’s results demonstrate the risks of judging automotive performance one month in isolation, with numerous and varied factors creating a perfect storm for home market output. Looking at the longer-term picture, the sector is performing as expected in the context of market conditions at home and abroad,” he said.
“First half figures are a reminder of the exports-led nature of UK Automotive, the integrated EU supply chain and our mutual dependency on free and frictionless trade. The UK government’s latest Brexit proposals are a step in the right direction to safeguard future growth, jobs and consumer choice – not just in Britain but right across Europe.
“We now look to negotiators on both sides to recognise the needs of the whole European automotive industry which, combined, employs more than 12 million people. Any disruption risks undermining one of our most valuable shared economic assets.”
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