Automotive Market in UK size is estimated to grow at a CAGR of 6.1%
The automotive industry directly contributes £15 billion in GVA to the UK economy, with the majority of the value created outside of the South East. We predict that if the automotive industry did not exist, the economic difference between London and the North East would widen by 9%, and the gap between London and the West Midlands would widen by 3%. Over 80% of cars and 60% of commercial vehicles produced in the UK are exported, with the UK selling into 150 markets across the world. The automotive industry is the UK's most important source of goods exports.