Uk car market driving the deficit higher
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UK car registrations increased by 18% in March. We expect total sales to increase to 2.5 million units this year. Good news for the car market is bad news for the trade deficit. There is no re balancing on the road ahead. Check out the five slides to explain it all
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Uk car market driving the deficit higher
- 1. with Professor Milton Keynes ........... The Saturday Economist .com The Saturday Economist The UK Car Market ! Five slides to fool them all… Rebalancing ! or ! Driving ! the ! Deficit higher?
- 2. with Professor Milton Keynes ........... The Saturday Economist .com The Saturday Economist 1,500,000 2,000,000 2,500,000 3,000,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 UK Car Sales will hit 2.5 million this year … UK car registration increased by 15% in the first three months of 2014. We forecast total sales of almost 2.5 million in the year, returning to levels last seen in 2004 and 2005. 500,000 1,000,000 1,500,000 2,000,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 UK Car production is also rising to 1.6 million Production is forecast to increase to 1.59 million units this year following an increase to 1.5 million in 2013. A further increase to 1.7 million units then 1.8 million units is expected by 2016. 500,000 1,000,000 1,500,000 2,000,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 but the majority of production is exported … -1,100,000 -1,000,000 -900,000 -800,000 -700,000 -600,000 -500,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 and the deficit (trade in cars) will increase Export sales may hit 1.3 million units this year, rising to 1.5 million by 2016 … imports will increase to 2.2 million units and the deficit unit sales will increase to 0.8 million units. April 2014
- 3. with Professor Milton Keynes ........... The Saturday Economist .com The Saturday Economist The data is derived from SMMT Motor Industry Facts 2013 and 2014. Estimates of car production for 2014 and 2015 are from Auto analysis. Total registrations for 2014 onwards are based on our own models and projections. JKA and the Professor April 2014 The UK Car Market ! Data Set 1,500,000 2,000,000 2,500,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Imports are on the rise … -1,100,000 -1,000,000 -900,000 -800,000 -700,000 -600,000 -500,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 and the deficit (trade in cars) will increase.