The British have bought in the past year, much less new cars than the year before. Sales fell by 2018 to almost seven percent to 2.37 million vehicles, said the British car industry Association SMMT, based on preliminary data. So strong the sales were dropped recently in the Wake of the financial crisis in 2008, at that time, the decline amounted to more than eleven percent.

As the reasons for the slump in the sales figures in the industry called the Association of the with a drop of almost 30 percent, significantly lower demand for Diesel vehicles, stricter emission standards and the concern of the consumer in front of the exit of the country from the EU, the on 29. March is pending. Also, the investment in UK car plants had fallen in 2018, most likely, said the SMMT.

in the autumn of the SMMT had warned insistently against the effects of Brexit on the auto industry, more than 850,000 people in the country busy. “It is still hard to see in the Brexit any advantage,” said SMMT CEO Mike Hawes. “Everyone recognizes that the Brexit is an existential threat to the British car industry.” The sector hope for more on a “practical solution”.

76 percent of industrial companies see business risk

The prospects for this year are according to the Association was also negative. Also in 2019 would be expected to decline in sales. It should actually come to a Brexit without agreement with the EU would cost jobs. Although it was not expected that the car works would be immediately closed, so Hawes, but a reduction of the production and the operators of the works of international car were corporations could relocate production abroad.

The fear that Brexit is not only common in the auto industry, but in the whole of British industry. More than three-quarters of all businesses in the sector fear by strengthening border controls after the Brexit delays in goods trade. 76% of the surveyed companies see it as a risk for their business, said the industry Association, EDF.

The industry Association noted, among other things, to stronger fluctuations in the currency markets as well as higher procurement costs than concrete loads. The British economy grew in the fourth quarter of the year 2018 by only 0.1 percent.

More: the fear of The auto bosses against the hard Brexit


Sam Yoon has many years of experiences in journalism. He has covered such areas as information technology, science, sports and politics. Yoon can be reached at 82-2-6956-6698.