11 October 2020 | David Young
SMMT reports that LCV registrations grew 27% in September, although it's very difficult to say if this will continue as uncertainty looms ahead
From their discussions with some SMMT members recently, order books appear to be strong with a few going into first quarter 2021, but the main view is this is down to businesses trying to avoid potential tariffs. This continuing uncertainty is not good for markets and investment.
The possibility of a 'no deal' Brexit at the end of the transition period, coupled with the end of the furlough scheme at the end of October, leaves a lot of open questions for the future. It also remains to be seen how stricter social distancing measures will affect business as we prepare for the quarter ahead.
With such uncertainty, it's important to protect investments in the future of the motor industry. With that in mind, the organisation reminds companies that the deadline for applications to the SMMT Apprenticeship Support Programme is October 16.
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