Tag #Automotive Exports

How does the performance of luxury car brands in China contrast with the overall trend in British car exports, and what factors explain this difference?

The decline in UK car exports to China is part of a broader trend impacting multiple markets due to the global transition to electric vehicles. While exports to the EU and China decreased by 24.3% and 21.8% respectively, exports to the US increased by 38.5%. Luxury car brands, however, maintain strong sales in China due to the growing number of affluent consumers there.