Road vehicles remain UK’s most valuable export’ generating £27bn

Road vehicles remain Britain’s most valuable trade good, as export revenues reached £27bn last year according to a report by the Society of Motor Manufacturers and Traders (SMMT).

The organisation, which represents the UK automotive industry, said that total trade in the sector dropped 26% during pandemic-hit 2020. However, it said trade revenue still reached £74bn, which benefited every UK region.

SMMT also said in the report released on Tuesday that long-term global car market growth provided a major opportunity to accelerate the economy.

Anexo plc (LON:ANX) is a specialist integrated credit hire and legal services group focused on providing replacement vehicles to consumers who have been involved in a non-fault accident.

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