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SMMT

  • Trade & tariffs

    News » Porsche warns Brexit could force prices up in the UK

    February 18th 2019 Porsche has warned its customers in the UK that they could face a 10% hike in the cost of cars delivered after the Brexit deadline, as a result of the duties that may be imposed. “As one potential outcome of the Brexit negotiations, there is a possibility that a duty of up to 10% may […]
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  • Trade relations

    News » Auto sector wins out in EU-Japan trade deal

    February 4th 2019 The automotive industry has secured special terms in the EU-Japan free trade agreement (FTA) that came into effect on February 1. To address specific sensitivities in the 28-member trading bloc, the EU said motor vehicle tariffs would be lowered in stages during a seven-year transition period,  before being eliminated. The EU-Japan Economic Partnership Agreement also removes several […]
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  • Market trends

    News » UK vehicle exports buoyant amid Brexit uncertainty

    February 4th 2019 Vehicle exports from the UK accounted for 81.5% of production last year, the highest proportion since 2012, allowing the country to maintain its position as the second strongest new car market in Europe after Germany. According to data presented last week by the Society of Motor Manufacturers and Traders (SMMT), the UK exported over 1.2m […]
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  • Sales and production

    News » JLR commits to UK supplier base for Evoque

    November 28th 2018 Jaguar Land Rover (JLR) has used the launch of its new Range Rover Evoque SUV to confirm its commitment to the supplier base in the UK by awarding more than £4 billion ($5.1 billion) in contracts to support production of the model. The carmaker did not say whether any of the contracts increased UK domestic […]
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  • Government policy

    Opinion » Stockpiling strategies to survive Brexit

    October 29th 2018 The prospect of Brexit in just a few months, deal or no deal, has focused minds on the inevitable consequence of supply chain interruption. The British media have begun to report the likelihood of stockpiling goods and even panic buying of certain products such as pharmaceuticals and food – although fresh produce can’t be stockpiled […]
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  • Government policy

    News » BMW and Toyota could leave UK after no-deal Brexit

    October 3rd 2018 BMW and Toyota have said this week that they could withdraw from the UK if there is disruption to business caused by a no-deal Brexit. Speaking at the start of the Paris Motor Show, BMW’s CEO, Harald Krüger said the carmaker could shift production of the Mini from Oxford to its plant in the Netherlands […]
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  • Government policy

    News » No-deal Brexit could cost car industry billions

    September 26th 2018 While the political debate and negotiations continue, two car plants in the UK plan production changes and the SMMT has warned a no-deal Brexit could add at least £5 billion ($6.6 billion, €5.6 billion) in tariffs for the EU’s automotive industry. Jaguar Land Rover (JLR) said it is making some temporary adjustments to production schedules […]
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  • Government policy

    News » Brexit’s unaccustomed burdens

    June 27th 2018 Nine months before the UK’s planned departure from the European Union, uncertainty over customs arrangements is emerging as one of the major concerns of manufacturers – perhaps just as much, if not more so, than the prospect of tariffs and taxes. The risks and impacts from delays in logistics flows and added administration are seen […]
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  • Trade agreements

    News » SMMT calls for end to Brexit uncertainty

    June 27th 2018 The Society of Motor Manufacturers and Traders (SMMT) has joined major manufacturers in calling for the British government to end uncertainty over the UK’s trading relationship with the European Union after Brexit, and to ensure the frictionless flow of parts and vehicles. Speaking at a press conference during the SMMT’s annual summit in London on […]
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  • Export trends

    News » UK vehicle exports to India fall sharply

    February 6th 2018 Figures from the Society of Motor Manufacturers and Traders (SMMT) have shown a growing divide between the number of finished vehicles the UK imports from India and the number it exports to the country. According to the SMMT, finished vehicle imports from India into the UK grew by 8.3% in 2017 to 34,149 units. UK […]
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