The importance of the automotive sector to the UK economy cannot be understated.
A transition to a greener industry may well be in the works, but the automobile is unlikely to become redundant. Like all other sectors of the economy whether it be financial services, education, healthcare or hospitality, the automotive sector is undergoing profound changes in its adoption of technology, both in the delivery of products to end markets, but also in the production of the final product itself.
Colliers’ Automotive Viewpoint 2021 seeks to address a few of the key issues impacting the sector and to provide a snapshot for investors of the constraints, but above all, the opportunities arising in an industry that is under huge pressure to transform itself.
The report covers below and more:
- Electric vehicles demand, infrastructure and affordability
- COVID-19 pandemic impact
- Latest data from Society Motor of Manufacturers and Traders (SMMT)
- Brexit and EU UK trade
- Automotive imports and exports
- Future trade agreements
- Sector recovery
- MOT extension
- Pent up savings and consumer spending
- Automotive property metrics
- Future outlook