keep in mind the great old days of 2019, when health, monetary as well as employment woes were far less of a worry? Looking back, it was a comparatively calm as well as blissful year. Well, it would have been were it not for Brexit, which resulted in 2019 being the final full year when the united kingdom might phone call itself a member of the European Union.
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So exactly how did Brexit roguishness impact the British motor market last year? That’s a concern that was effectively responded to last week, when the society of motor manufacturers as well as Traders provided me detailed data on the UK automotive sector’s performance in 2019 compared to 2018. Let’s begin with the positives.
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In 2019, the number of engine manufacturers grew to 11, from nine in 2018. Not only that, however Britain likewise obtained a new car-producing nation – Wales – which is now house to an all-new Aston Martin factory. Also, the UK automotive supply chain as well as aftermarket showed greatly improved figures, including growth in the number of huge suppliers having a base here, plus a whopping £12.5bn contribution to the economic climate from the often-forgotten however extremely important aftermarket sector. At an eye-watering £82 billion, turnover in Britain’s big, wide auto market was the exact same in 2019 as 2018. The level of web funding invested (£3.3bn) likewise stood still.