SMMT UK Automotive Trade Report 2020: Risks and opportunities in a post COVID world

UK AUTOMOTIVE TRADE REPORT 2020

RISKS AND OPPORTUNITIES UK AUTOMOTIVE TRADE IN A POST-COVID WORLD

SMMT’s second annual trade report, Risks and Opportunities: UK Automotive Trade In A Post-Covid World, is published at a time of extreme uncertainty for the global automotive industry as it faces the exceptional challenge of the coronavirus pandemic. The impact on society has been unparalleled and for many, tragic, while the shock to the economy and industry has been devastating.

How quickly automotive recovers from the shock of the pandemic will be decisive for Britain’s overall recovery and future prosperity, global influence and reputation. As well as potentially creating further skilled jobs, the sector can lead the world in technological development and drive the transition to a zero-carbon economy.

As the coronavirus crisis begins to dial back and government helps to nurture the nation back into economic growth, it is UK Automotive that can be an engine room of success. The next few months will be critical for determining its future. This report sets out a comprehensive analysis of the sector, the value it creates for the economy and its importance to future trade. Providing a detailed picture of future growth markets and the UK’s current ability to serve them, it sets out key recommendations to help policymakers and industry grow existing trade relationships and unlock new markets – keeping this vital sector at the heart of the UK’s future trade strategy.

For more information on the report please visit the SMMT website here and you can view the full report here.