UK automotive industry statisticsIn spite of a dull year for UK automobile manufactures as production declined by 19.6%, we nevertheless see some development in the automobile industry in the UK. For much more than 100 years, the automotive organization model has remained usually unchanged: people own vehicles that they can drive themselves. We are witnessing main trends that, taken individually, could be very disruptive to the state of the sector. Technological and behavioural aspects are among a long list of vital forces that will shape how the automotive marketplace evolves more than the next 10 to 20 years.
Hopefully widespread sense will prevail from both sides of the future negotiations and that barrier cost-free trade can continue amongst the UK and the EU. Nonetheless if an acceptable deal cannot be done by the politicians – then it is probable that new investment in the UK motor market will dry up. This will lead to an inevitable decline in the UK vehicle manufacturing market and falling production numbers.
Whilst from an environmental perspective, the new measures look typical sense, ought to companies fail to treat them seriously, main players in the industry could be left out in the cold, even though sales could subsequently suffer. According to current figures from the Society of Motor Companies, the UK’s new automobile market place is already shrinking due to this, with new car registrations down 9.three% in the month of July 2017. The month saw 161,997 new cars registered in the UK, down from 178,523 compared to July 2016. The total registrations for the year meanwhile reached 1,563,808, representing a two.2% fall from the first seven months of last year. Diesel sales have meanwhile taken the most significant fall of 20.1% for the month of July in which the government’s proposed ban of petrol and diesel automobile sales, while falling 11% for the year in total.
The Automotive Market Employs More Folks Than You Consideruk car insurance industry statistics
uk car insurance industry statisticsThe effect of a no-deal Brexit on the automobile industry would be potentially catastrophic. Ought to the UK increase environmental ambition, then some makers may possibly merely decide not to try and sell their polluting items in the UK, which would outcome in a boost to those that comply. If these ‘complyers’ are based here, this outcomes in a enhance to the domestic sector. So there is actual prospective for a a single-off ‘landgrab’, by means of enhanced ambition.
Regardless of the encouraging predictions for sales in the industry, there is also the potential for key disruption due to the advance of environmental crises and corporate and governmental responses to them. Alongside the development trends in the standard automotive business, the AlixPartners evaluation noted a major trend in the comparatively new Electric Car (EV) sector, highlighting that the EV share of the all round market place has exponentially grown by 168 % over the previous two years. At the existing price, the share of EV cars in the all round automotive …Read more