Automotive Industry Digest

Latest Fleet News For The Automotive Industry

The Editor's View

The Editor’s View

Did you realise that vehicles are the UK’s single most valuable goods trade export? I had an idea that would be near the top of the list but never realised the true value that the export of vehicles added to the economy. Vehicle export revenues reached £27 billion in 2020, making them more valuable to the UK than power-generating machinery and gold, even during a year when the global pandemic disrupted trade flows and shut down markets around the world. The UK automotive sector as a whole generated a total trade revenue of £74 billion, underlying its monumental importance to international trade, with more than 80% of British-built cars and more than 60% of light commercial vehicles destined for export. Hopefully the government puts the automotive sector at the forefront of trade negotiations.

Automotive Industry Digest

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