Overview Of The Structure Of The UK Automotive Business Supply Chain Uk Statistics
Uk automotive industry statistics 2017Regardless of a dull year for UK car manufactures as production declined by 19.six%, we nevertheless see some development in the automobile sector in the UK. The US auto industry is a significant player in the country’s economy, with automakers and their suppliers currently accountable for 3% of America’s GDP. No other manufacturing sector generates as many American jobs, suggesting a period of contraction could have dire consequences for the US economy in the long-term. The Donald Trump administration has talked for some time of increasing tariffs to increase the domestic auto industry and put buyers off investing in imported autos – however the likely impact of tariffs would see the domestic market place stung by inflated costs for components and maintenance, costing producers amongst $21.6 billion and $23.eight billion, which in turn would boost rates for consumers who would invest much less, meaning companies would …
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