Global Automotive Export Resource Guide | Page 242

Top 8 U.S. auto parts exported to UK

1. GEAR BOXES FOR VEHICLES OF HEADING 8703

2. INSULATED WIRING SETS FOR VEHICLES SHIPS AIRCRAFT

3. AIR COMPRESSORS, TURBOCHARGERS & SUPERCHARGERS

4. STARTER MOTORS AND DUAL-PURPOSE STARTER-GENERATORS

5. COMP-IGN END FR PROP VEH CH87, RD, TR, BUS, AUTO, TRUCK

6. PARTS AND ACCESSORIES FOR VEHICLES 8701 TO 8705

7. FUEL, LUBRICANT OR COOLING MED PUMPS, EXC FUEL-INJECT

8. CATALYTIC CONVERTERS

9. SPARK-IG ENG F RD TR, BUS, AUTO, TRUCK

10. PARTS AND ACCESSORIES FOR SUSPENSION SYSTEMS

Key Local/Domestic Figures:

- 2.5 million cars were registered in 2017

- UK Automotive Turnover: £82 billion

- 160+ countries importing UK-built vehicles

- 1.3 million cars exported in 2017

- 34.7 million cars currently on UK roads

- 1.7 million cars built in 2017, down 3% since 2016

- 78 thousand Commercial Vehicles built in 2017

- 2.7 million engines built in 2017

- Top 5 Brands in production: Jaguar Land Rover, Nissan, BMW, Honda, and Toyota

- Top 5 Commercial Vehicle Brands in production: Vauxhall, Leyland Trucks, Alexander Dennis,

Dennis Eagle, and Wrightbus

Summary

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Market Entry & Barriers

Partnering with an existing UK distributor or manufacturer is the most effective method for U.S. companies to enter the UK market.

No significant barriers to market entry exist. The EU is the main source of regulation for the motor industry and many of the regulations being introduced are aimed at harmonizing standards of motor vehicle safety and pollution throughout the EU.

United kingdom