Brexit is an existential threat to the UK automotive industry and could have an impact on jobs, according to the Society of Motor Manufacturers and Traders (SMMT).
Key points (Source: Reuters)
UK new car registrations forecast to drop roughly 2 pct in 2019, investment in 2018 “highly unlikely” to match 2017 levels.
Average UK CO2 emissions of new cars in 2018 rose 3 pct as diesel demand dropped by nearly 30 pct and petrol sales rose 9 pct.
UK new car sales may see a first-quarter boost if people fear the introduction of tariffs after Britain leaves the EU in the march.
UK new car registrations drop nearly 7 pct in 2018, the biggest fall since the financial crisis.
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