Industry Analysis & Industry Trends
The Motor Vehicle Manufacturing industry has endured a bumpy ride over the past five years. Consumer and business confidence plummeted during the economic downturn. As unemployment rose, households thought twice about buying cars, with many opting to repair their existing vehicles rather than replacing them altogether. Similarly, as business confidence fell, companies were reluctant to replace or expand their fleets. The government's scrappage scheme encouraged some new car sales, but it was not enough to offset the severe decline in demand. Export markets were also dismal as the financial crisis affected economies worldwide. Demand from the major export markets of the United States and Western Europe were especially affected... purchase to read more
Industry Report - Industry Locations Chapter
Generally, manufacturers are located close to manufacturing hubs and in areas with good transport access. Transport access (ports and road) optimises supply chain efficiency.
The South East
The South East has the largest proportion of industry establishments, accounting for an estimated 15%. The region is home to the Port of Southampton, which is the United Kingdom's leading port for vehicle exports. Given the importance of exports for the industry, locating nearby a major port can be a major benefit for industry operators. BMW own two plants in the region, one in Oxford where vehicles are manufactured under the MINI brand, and one in Goodwood where Rolls-Royce motor vehicles are produced... purchase to read more