Stockpiled autos may stay parked as U.K. lockdown continues through April

Cons. Discr. - Autos 1008 Coronavirus 470 European Union 700 Japan 540 South Korea 522 United Kingdom 304

The U.K. government’s plans to remove the current pandemic lockdown will delay the reopening of non-essential retail until no earlier than April 12. That’s led the Society of Motor Manufacturers and Traders to note that may worsen the “continuing decline in retail business” for the automotive industry and which “will translate into reduced production volumes as well as giving rise to other operational issues”. The autos industry is already facing disruptions from a shortage of semiconductors and global logistics congestion. The U.K. automotive sector may have surplus inventory though giv...

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