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AUTOMOTIVE

MORGAN RYDER ASSOCIATES | DEDICATED TO WORLD-CLASS MANUFACTURING, ENGINEERING, AND THIRD-PARTY LOGISTICS

​The UK made more cars in 2015 than any year since 2005 with a total of 1,595,697 vehicles.  Production increased 3.9% on 2014, with output at 1,587,677 overtaking pre-recession levels for the first time.  A record number of cars (77.3% of total production) was for export, with 1,227,881 units leaving the UK.  Eight brand new car models were produced in UK plants in 2015 with a further £2.5 billion of fresh investment committed to the sector in the same year.

Our Automotive experience spans all corners of the supply chain including;

  • OEM Final Assembly 

  • Tier One & Two Suppliers - manufacturing, JIT assembly, and Supply In-Line Sequence (SILS)

  • Interior and Exterior Systems

  • Chassis & Driveline

  • Precision Engineering

  • Switchgear, Wiring Harness and Electronics

  • Passenger, Commercial, Off-Highway​

Looking at the Economist’s predictions we see the key trends that will impact the automotive in in 2021: growth in electric vehicles & commercial vehicles, trade barriers & tariffs and digitalisation. 

1. Growth in electric vehicles

The most promising growth market we see will be for EVs. Aided by government incentives, the enforcement of stricter emissions targets and the launch of new EV models. The Economist expects global EV sales to increase by 37% in 2021, to 3.4m units, although they will account for just 4% of global car sales.(ii)

In China, EV subsidies are slowly being cut, particularly for more expensive cars, while delays to emission standards will reduce the pressure on automakers. US might see plans to restore full tax credits and provide an additional rebate on EV purchases come to fruition after the election of President Biden.

Sales of diesel vehicles will slump further, with governments desperate for revenue likely to raise fuel and emissions taxes further. (iii)

2. Increase in commercial vehicle sales

Boosted by government-led infrastructure spending, commercial vehicle growth will outpace that of passenger vehicles. Commercial vehicle sales are set to increase by 16% this year (passenger cars will rise by 15%). (iv) Low interest rates and attractive financing deals will also fuel some of the rebound in China and other major markets. 

The increase in delivery & last mile delivery will drive the demand for electric commercial vehicles. 

The good news is that OEMs are making more electric delivery vehicles than ever before, so in 2021 there’s no excuse not to swap the white van for a green van and make each and every delivery zero-emission.

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