Dieselgate, Brexit, an interest rate rise, a weakened pound – the list of reasons for a less-than-stellar end to trading in 2017 seems never-ending.
The SMMT issued another downgrade to its total registrations volume forecast – its third of the year – in early November. It now expects 2017 to fall nearly 4.7% year-on-year to 2.565 million units. And the slide does not stop there – it expects the 2018 registrations to be 5.4% lower than 2017, on 2.426m and forecasts a fall to 2.397m units in 2019.
Nor is the slump evenly distributed - the SMMT thinks that diesel will bear more than its share of the pain and traditional volume brands are heavily represented in the one in three carmakers that lost market share in the UK in the first three quarters of the year.
AM wants to know how you think your business will be affected in the year to come, whether you agree with the SMMT's predictions and how you think a downturn will affect your business plans in 2018. Our survey is six short questions and should take you no longer than 90 seconds to complete.
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