“Suffering from Over Production”
The motor industry has been grabbing headlines over recent months but among the coverage has been a great deal of inaccurate theories and perceptions. The Society of Motor Manufacturers and Traders has developed MotorIndustryFacts.com as a portal to gain truthful insight into the UK automotive sector.
Below are a selection of the inaccurate comments we have seen about the industry and the detail needed to help separate the fact from the fiction.
“The motor industry is just suffering from over production”
Fiction: The motor industry is just suffering from over production. Car makers should have anticipated the drop in demand.
Fact: UK produced vehicles are in demand across the world.
The UK produces over 1.7 million vehicles each year and exports around 75% of that total. Products from UK companies are much sought after and over the last few years part of the challenge faced by industry was meeting the demand from other countries. Cars are a vital part of the economy’s social and economic makeup – providing transport solutions for private and public sectors.