At the forefront of the conversation
The UK automotive industry is one of the nation’s success stories. 2015 saw new car registrations exceed 2.6 million units for the first time, achieving 6.3% growth and sealing four years of consecutive growth. UK automotive manufacturers export over 75% of production; equal to 10% of total UK exports.
But automotive success is not just linked to manufacturing and sales volumes. The UK is the global hub for the multi-billion dollar motorsports business; it has world-leading technology companies developing low-carbon vehicles and alternative powertrain concepts; and government-led initiatives have been actively strengthening the links between academic research and the automotive industry with the aim of bringing innovation to market faster and more reliably.
The UK automotive industry is spread widely across the whole country and BDO’s national automotive team provides an integrated, full service capability to firms across the industry. We provide real solutions to industry issues, utilising our capabilities in everything from sector-specific tax, audit and business advice to patent box, research and development claims and acquisition challenges to help our clients grow in the UK and overseas.