SMMT supports & promotes the interests of the UK automotive industry at home & abroad. It acts as the voice of the motor industry in the UK.
CEO:
@MikeHawesSMMT
#SMMTSummit
addresses some of the key issues for automotive; the industry roadmap for the net zero transition; how to improve the UK’s competitiveness and compete against fierce global competition; and the opportunities that will arise for businesses that seize the moment and
The next government must recognise the strategic importance of automotive to the UK economy, maintain its diversity and strong heritage, and its strengths as a global leader in advanced manufacturing and technology
#GE2024
THREAD 👇 13 automotive
#Brexit
myths – busted
MYTH 1: The automotive industry shouldn’t worry about leaving the EU with
#nodeal
TRUTH: Leaving without a deal would trigger the most seismic shift in trading conditions UK Automotive has ever experienced
THREAD👇13 automotive
#Brexit
myths – busted
MYTH 1: The automotive industry shouldn’t worry about leaving the EU with
#nodeal
TRUTH: Leaving without a deal would trigger the most seismic shift in trading conditions UK Automotive has ever experienced
More than £10.8bn has been invested in British electric car, van, bus, truck and battery production since 2011.
More than a billion pounds for every year of our first electric decade. Creating jobs and wealth across the country.
#SMMTElectrified
More than £600m has already been committed in the UK to connected & self-driving vehicle testing & trialling since 2015. This tech in on-road passenger cars and services, such as buses, taxis and ride-hailing, could deliver a market worth £3.7bn annually.
#SMMTConnected
Great to welcome Leader of the Opposition Sir
@Keir_Starmer
MP & Shadow Business Secretary
@jreynoldsMP
to SMMT to discuss UK Auto, the challenges it faces in terms of fierce global competition & the opportunities on offer as we decarbonise & help deliver net zero for the UK
MYTH 13: The demise of UK auto manufacturing would be a price worth paying for ‘
#nodeal
’
TRUTH: Auto manufacturing delivers an annual £82bn to the Treasury, employs 186,000 people & is 13% of the UK’s export in goods
MYTH 12: The German car industry sells 750k cars in the UK – it will demand a deal to protect its own interests
TRUTH: German & EU car industries have been clear: the single market matters more than a deal with the UK
MYTH 13: The demise of UK auto manufacturing would be a price worth paying for ‘
#nodeal
’
TRUTH: Auto manufacturing delivers an annual £82bn to the Treasury, employs 186,000 people & is 13% of the UK’s export in goods
MYTH 7: EU rules stifle innovation – we will be better off without them
TRUTH: If the UK wants to sell cars to the EU & other global markets, it must comply with these rules. We currently have a say in their creation.
MYTH 7: EU rules stifle innovation – we will be better off without them
TRUTH: If the UK wants to sell cars to the EU & other global markets, it must comply with these rules. We currently have a say in their creation.
MYTH 4: The EU market is in decline & growth markets are in the emerging economies.
TRUTH: The EU, which accounts for more than half of our trade, is a 15 million-strong car market on our doorstep
MYTH 5: A fall in the pound makes exporting cheaper
TRUTH: Sterling devaluation may make exporting cheaper, but it makes automotive manufacturing more expensive & will not offset the cost of tariffs
MYTH 5: A fall in the pound makes exporting cheaper
TRUTH: Sterling devaluation may make exporting cheaper, but it makes automotive manufacturing more expensive & will not offset the cost of tariffs
MYTH 2: This is just the automotive industry scaremongering
TRUTH: This is a cyclical sector & other issues are also undermining global growth but companies surveyed said Brexit was costing jobs & competitiveness
MYTH 8: Leaving with
#nodeal
will mean more automotive jobs for British people
TRUTH: ‘No deal’ will cost jobs, not create them. Thousands of cuts have already been announced with 1 in 8 companies reducing headcount
MYTH 6: A ‘
#nodeal
’ Brexit will help reduce car prices & increase choice
TRUTH: Unless UK reaches agreement with the EU, tariffs will increase. If prices rise the market will contract causing consumer choice to shrink
MYTH 12: The German car industry sells 750k cars in the UK – it will demand a deal to protect its own interests
TRUTH: German & EU car industries have been clear: the single market matters more than a deal with the UK
MYTH 3: Industry is blaming Brexit but the problem is falling diesel sales & the slowdown in global markets
TRUTH: These are issues challenging the global industry but uncertainty is causing investors to look elsewhere
MYTH 9: We can readily strike trade deals with big global automotive markets
TRUTH: Recent announcements have shown how difficult it is to replicate trade deals. Free trade agreements take many years to negotiate
MYTH 10: Tariffs would give UK auto manufacturers a competitive advantage at home
TRUTH: 12% of cars sold here in the UK are built here. We export more than 80% of the cars we produce
MYTH 4: The EU market is in decline & growth markets are in the emerging economies.
TRUTH: The EU, which accounts for more than half of our trade, is a 15 million-strong car market on our doorstep
MYTH 10: Tariffs would give UK auto manufacturers a competitive advantage at home
TRUTH: 12% of cars sold here in the UK are built here. We export more than 80% of the cars we produce
MYTH 2: This is just the automotive industry scaremongering
TRUTH: This is a cyclical sector & other issues are also undermining global growth but companies surveyed said Brexit was costing jobs & competitiveness
MYTH 11: UK could use import tariffs to support the industry
TRUTH Using tariffs to support domestic industry is strictly regulated under WTO rules. Some financial support is allowed but other countries could retaliate
MYTH 8: Leaving with
#nodeal
will mean more automotive jobs for British people
TRUTH: ‘No deal’ will cost jobs, not create them. Thousands of cuts have already been announced with 1 in 8 companies reducing headcount
MYTH 3: Industry is blaming Brexit but the problem is falling diesel sales & the slowdown in global markets
TRUTH: These are issues challenging the global industry but uncertainty is causing investors to look elsewhere
MYTH 9: We can readily strike trade deals with big global automotive markets
TRUTH: Recent announcements have shown how difficult it is to replicate trade deals. Free trade agreements take many years to negotiate
MYTH 6: A ‘
#nodeal
’ Brexit will help reduce car prices & increase choice
TRUTH: Unless UK reaches agreement with the EU, tariffs will increase. If prices rise the market will contract causing consumer choice to shrink
UK automotive is a vital part of the UK economy accounting for £82bn turnover & £20.2bn value added. 186k people are employed in manufacturing & 856k across the wider industry, it accounts for 12% of total UK export of goods. An industry worth protecting:
MYTH 11: UK could use import tariffs to support the industry
TRUTH Using tariffs to support domestic industry is strictly regulated under WTO rules. Some financial support is allowed but other countries could retaliate
“Until the government can demonstrate exactly how a new model for customs & trade with the EU can replicated the benefits we now enjoy, don���t change it. The truth is, there is no Brexit dividend for our industry”
@MikeHawesSMMT
#SMMTSummit
SMMT chief executive
@MikeHawesSMMT
speaking on
@BBCr4today
at 6.52
“the view of the industry is we're on track for ending fossil fuel vehicles. It's not for turning back & the UK should be leading it both as a market & as a manufacturer”
More than 100 plug-in car models are now available to UK buyers, and manufacturers are scheduled to bring more than 35 to market in 2021 – more than the number of either petrol or diesel new models planned for the year.
RACE
RETRAIN
RECOVER
Inspiring speech from
@Missionmotorspt
ceo James Cameron
@Tankslider
about how their organisation is helping those affected by military operations by providing opportunities through Motorsport & the Auto Industry
#SMMTAnnualDinner
Car exports remain at historically high level, down just -1.1% with 1.34m shipped worldwide – 79.9% of total production. Here is where they they went in 2017
#UKmfg
🔋Battery electric vehicle (BEV) uptake reached a record volume – up by almost 50,000 units with 314,687 new registrations
🏆2023 saw more BEVs reach the road than in 2020 and 2021 combined
Here are the top ten models:
"We need to upskill and reskill people in order to transition our industry and meet those technological challenges of the future"
Steve Turner, Assistant General Secretary,
@unitetheunion
#SMMTSummit
"Brexit was more traumatic for the sector than others, we have been working to make sure that we have close relationships with our EU counterparts. There is a lot of good work done & continues to be done so we can solve all the issues you've raised"
@KemiBadenoch
#SMMTSummit
WATCH: People are changing the way they live, the way they work. The industry has to respond to that. Watch how the UK is leading a transport revolution in Connected and Autonomous Vehicles
#SMMTConnected
New car market declines in July, but pure EV registrations almost triple to take record monthly market share. Our new EV forecast suggests full year share could double in 2020.
Every day, 1,100 trucks cross into the UK from the continent to deliver some £35m worth of components. Every day, these components help build 6,400 cars & 10,500 engines – the bulk of which are then shipped back to EU customers & assembly plants
#EUCO
Welcome news
@BMWGroup
&
@JLR_News
confirming the industry’s commitment to developing & bringing to market ever more advanced ultra low & zero emission vehicles. Now we need a world-class package of long-term incentives & infra to take the consumer with us
Today, Jaguar Land Rover and BMW Group have confirmed they are joining forces to develop next generation Electric Drive Units (EDUs) in a move that will support the advancement of electrification technologies. Read more:
#Electrification
#Collaboration
Mike Flewitt, chief executive
@McLarenAuto
talks about their leadership in lightweighting and how the UK can become a global centre of the excellence in two field
#SMMTSummit
Great to hear Government has listened. 1 June reopening for UK’s car showrooms - a sensible, safe next step to unlocking UK’s vital auto industry to help Britain get back to business
#unlockukauto
Used battery electric vehicle sales continued to soar in the second quarter
🔼growing by 81.8% to 30,645 units
🏆representing 1.7% of the market – a new record
⚡️up from 1.0% last year
The UK is home to one of the most diverse auto industries in the world. As well as hosting mass market manufacturers, we are also the world’s leading location for the design, prototyping, engineering & manufacturing of luxury, sports & specialist vehicles
UK car production up again as inward investment surges
🚗 output up 31.6% in October
⬆️Production for home & overseas markets up 23.9% & 33.4%
🌍YTD volumes up 16.7% driven by exports
🔮 light vehicle production outlook revised up towards 1m units
…
EVs drive surge in used car sales
🚗UK used car market grows 7.2% in second quarter, marking sixth successive quarter of growth.
🔋Used battery electric vehicles record highest ever market share at 2.4%, as sales soar 52.6%.
📈First half transactions rise by 6.8% year on year,
The UK is home to one of the most diverse auto industries in the world. We are the world’s leading location for the design, prototyping, engineering and manufacturing of luxury, sports and specialist vehicles
"We want to put emotion in your motion"
@AndyatAston
says that
@astonmartin
won’t be made for ride-sharing. "If you’ve seen some of the colours that our customers specify their cars in, no one would want to share with them"
SMMT is calling for tax-free electric vehicles in next week's Budget. Removal of VAT alone could:
🔌 cut the price of a BEV by £5,600
⚡️increase sales of BEVs to just under 1m between now & 2024
🌍result in an additional CO2 saving of 1.2m tonnes
SMMT welcomes today’s agreement in principle of a Japan-UK FTA. This agreement should help foster a mutually beneficial auto trade & investment relationship between the two countries building on a shared auto history that stretches back more than 40 years
📢 BREAKING: the UK has just agreed its first trade deal as an independent trading nation 🇬🇧 🇯🇵
Our deal with Japan creates new opportunities for UK businesses that go far beyond the EU-Japan deal.
Here are 10 benefits:
1/11
13 automotive Brexit myths – busted:
Many commentators & politicians cite our industry in
#Brexit
discussions. As Parliament debates the meaningful vote, we publish a clear rebuttal of many of the arguments that have been used about the sector. Thread 👇
Every day, 1,100 trucks cross into the UK from the continent to deliver some £35m worth of components. Every day, these components help build 6,400 cars & 10,500 engines – the bulk of which are then shipped back to EU customers & assembly plants
EVs drive surge in used car sales
🚗UK used car market grows 7.2% in second quarter, marking sixth successive quarter of growth.
🔋Used battery electric vehicles record highest ever market share at 2.4%, as sales soar 52.6%.
📈First half transactions rise by 6.8% year on year,
“Parliament’s clear rejection of no deal is welcome, but the law still requires the UK to leave the EU in 15 days, with or without a deal. To avoid irreparable damage to the auto industry, politicians must find the legal means to take no deal off the table for good”
1/
📢"To make this a reality consumers must want to make the switch, which requires from Govt a clear, consistent message, attractive incentives & charging infra that gives confidence rather than anxiety. Confusion & uncertainty will only hold them back”
@MikeHawesSMMT
on 2030
"While the larger car makers move towards mass market products, there is an opportunity for smaller luxury car makers. Our small size & agility works in our favour. We invoke the spirit of judo to use our competitors’ size and weight against them"
@AndyatAston
#SMMTConnected
⚡️Battery electric vehicle (BEV) deliveries reached a record monthly high in March of 46,626, representing growth of 18.6%
Market share remained almost the same as last year at 16.2%
SMMT calls for Brexit negotiators to back free and frictionless trade to safeguard one of EU’s most valuable assets. Here is where we have exported to in 2018:
“Today’s vote leaves us perilously close to the cliff edge. No-deal would be catastrophic for the auto industry, ending frictionless trade, add billions to the cost of manufacturing & cost jobs. Parliament must reject no-deal and take it permanently off the table.”
@MikeHawesSMMT
"There is no such thing as a ‘managed’ ‘No Deal’. We would face immediate delivery shortages, additional costs & uncertainty, which will seriously damage our sector" SMMT ceo
@MikeHawesSMMT
warns of the risk to a vital UK industry
'No deal' Brexit catastrophic blow to British auto industry, warn businesses in new survey. Half of UK automotive firms already hit by uncertainty, with one in five having lost business.
"The Chancellor’s unprecedented package of emergency funding & tax support will come as a huge relief to auto companies as they battle to safeguard their businesses & support thousands of workers & their families who otherwise face hardship"
@MikeHawesSMMT
#Covid_19
🇬🇧🤝🇦🇺
"Today’s announcement of the first full and all new post-Brexit trade deal provides the UK automotive sector with tariff-free access to Australia, one of the main global growth markets"
@MikeHawesSMMT
comments on UK-Australia Free Trade Agreement
"Make no mistake, the automotive industry will not prosper from ‘no deal’. It would have a devastating impact on the sector, on the economy and on jobs in every region of Britain"
@MikeHawesSMMT
on the latest announcement from Prime Minister
@BorisJohnson
The SMMT is hosting a trade delegation of UK companies to the Electric Vehicle Symposium (EVS) in Japan. Find out more
@Evs31E
in Hall C, Stand 331 where you can meet the
#UKpavilion
exhibitors & see the tech that the UK has to offer.
#evs31
#kobe