Brexit is an existential threat to UK auto industry - SMMT
Brexit is an existential threat to the UK automotive industry and could have an impact on jobs, according to the Society of Motor Manufacturers and Traders (SMMT).
Key points (Source: Reuters)
UK new car registrations forecast to drop roughly 2 pct in 2019, investment in 2018 "highly unlikely" to match 2017 levels.
Average UK CO2 emissions of new cars in 2018 rose 3 pct as diesel demand dropped by nearly 30 pct and petrol sales rose 9 pct.
UK new car sales may see a first-quarter boost if people fear the introduction of tariffs after Britain leaves the EU in the march.
UK new car registrations drop nearly 7 pct in 2018, the biggest fall since the financial crisis.