Last year had the potential to return rocky results for the automotive sector, following the turbulence created by the referendum result, however, 2016 ended with record breaking results as 2.69 million new cars were registered, adding £18.9 billion to the UK economy. With Q1 of 2017 also heralding new March and quarter records for the new car market, our UHY Automotive Outlook report takes a look at what lies in store for the year ahead.
Our team of automotive specialists have combined research into the market dynamics from the past twelve months with our own insights from their many years’ work in the sector to discuss some of the key current industry issues. The Outlook questions whether 2017 will become the year of ‘peak car’, takes a look at the early indications that a post-Brexit rise in consumer car costs may already have begun, and predicts the future of merger and acquisition activity for dealerships.
Our ‘Expert perspectives’ piece summarises the opinions and insights from our panel of experts on their views on the likely year ahead. The panel comprises David Kendrick and Paul Daly, as UHY’s leading Automotive experts, along with Andy Bruce, CEO of Lookers, and Mike Allen, head of research at Zeus Capital. We take a look at the potential for resale values in the used-car market, the impact of the transition to electric vehicles and retailer discounting to shift stock, amongst other topics.
The next step
If you would like to discuss any of these industry issues in more detail with one of our automotive experts, please contact a specialist at your nearest location, or complete the contact form.