The Society of Motor Manufacturers and Traders (SMMT) exists to support and promote the interests of the UK automotive industry at home and abroad. Working closely with member companies, SMMT acts as the voice of the motor industry, promoting its position to government, stakeholders and the media.
Around 1.5 million cars and commercial vehicles and three million engines are produced annually in the UK, accounting for 9% of the UK’s total exports. With an annual turnover of 40 billion and a workforce of over 700,000 people, the UK is a key global player within the automotive sector and the industry is a significant contributor to the UK’s economy.
Like all industries, the automotive sector is facing a challenging time. The current economic climate and weak consumer confidence has resulted in falling registrations, across the entire vehicle market. While UK automotive production feeds global demand, strong and decisive action in the UK is needed to stabilise the new car market in particular, to assure the long term health of this vital contributor to the UK economy.
Through representation to government at home and abroad, national and international events, reliable automotive data and practical advice, SMMT plays a central role in the working life of the motor industry. Whether the industry is your business or it impacts on your organisation in any way, SMMT can deliver real business benefits to help your company meet the challenges of the future.