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In 2023, the motor industry in the United Kingdom contributed around ** billion British pounds in added value to the UK economy. The industry's economic contribution peaked in 2016 at some ** billion British pounds. After years on the rise, the country’s gross domestic product decreased from just under *** trillion British pounds in 2019 to just above * billion British pounds in 2020. By 2023, the UK's GDP had bounced back to some *** billion British pounds. 

Motor vehicle production enterprises in the United Kingdom

The UK was home to approximately enterprises in motor vehicle, trailer and semi-trailer manufacturing, one of the highest number among all European countries. However, of these, only around ** percent had an annual turnover exceeding * million British pounds. 

Declining role of the industrial sector

The UK's greatest economic sector in terms of contribution to gross domestic product (GDP) was services. The service industries accounted for approximately ** percent of total GDP in 2022, while industry only accounted for roughly ** percent.