Car sales continue to rise, despite rumoured uncertainty surrounding Brexit, mainly due to fantastic offers being pushed through by dealers.
Latest figures from the Society of Motor Manufacturers and Traders (SMMT) indicate drivers have taken advantage of attractive new car offers, as UK car registrations grew 2.9 per cent in November 2016, compared to this time last year.
In total, 184,101 new cars were registered in the UK during November, compared to 178,876 twelve months ago.
Recent analysis carried out by SMMT revealed EU tariffs on cars could add around £2.7billion a year to imports and £1.8billion to exports, as a result of Brexit, which would force retail prices to rise as a result.
SMMT president Gareth Jones says it’s critical the government makes the right decisions in order to protect the automotive sector. The industry has seen positive growth in recent years and, like many sectors, Brexit has prompted temporary uncertainty for the future.
“With over 80 per cent of UK automotive production going to more than 160 countries globally it is critical we secure unfettered single market access and unhindered trade opportunities worldwide. The industry is agile but long term investment and growth will depend heavily upon our ability to race competitively and to attract global talent within an economically stable environment” SMMT said in a statement.
Within the automotive industry, approximately 169,000 people are employed within manufacturing roles and 814,000 across the wider industry. The UK automotive industry accounts for 12 per cent of total UK export of goods and invests £2.5 billion each year. More than 30 manufacturers build in excess of 70 models of vehicle in the UK supported by more than 2,000 component providers and some of the world’s most skilled engineers..