For the UK car industry, a lot is riding on the type of Brexit
that we end up with. As well as the potential loss of foreign investment in a sector already extremely reliant upon it, the loss of, or damage to, trade with the European Union would be devastating. As Society of Motor Manufacturers and Traders (SMMT) data shows, the EU is the largest importer of our cars – and by a huge margin. In the latest period measured, 56% of our exports went to countries within the EU. The second-placed USA took only 14.5% of our vehicles, while the third largest recipient was China at 6.5%.
This chart also featured in an article on inews.co.uk