Brexit's auto crash
Brexit fears and diesel vehicle antipathy have combined to put a dent in driver confidence – UK car output found reverse gear last year for the first time 2009 with plant output down 3% on 2016.
Prospective UK buyers were reluctant to commit to high-level spending decisions and that is likely to continue – the Society of Motor Manufacturers and Traders is forecasting a tough year for UK motor manufacturing as investment declines.
Car maker Aston Martin said last month that if no Brexit deal is reached, a temporary halt in production may be inevitable at the firm.
The SMTT says the country needs an urgent agreement on the terms of a post-Brexit transition deal. “This must be comprehensive, result in no change and allow business to continue as usual until a new trading relationship with the EU is in place. This means maintaining the UK’s membership of the single market and customs union.”