The automotive industry is one of the largest manufacturing and production industries in the world. In 2015, the UK automotive industry brought in nearly ยฃ70 billion in turnover, and vehicle production was at its highest since 2008. Because of this, it is very clear that it has a massive impact on the world and our economy. One of the largest automotive trade associations is the SMMT!
Here is everything that you need to know about the SMMT!
What Is the SMMT?
The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and most influential trade associations operating within the UK.ย The SMMT is said to be the voice of the UK motoring industry, as it is able to support and promote its memberโs interests to government, stakeholders and the media.
The SMMT has a long and vibrant history, going as far back as the start of the 20th century. The SMMT was established by British engineer Frederick Simms in 1902. He believed that the fragmented nature of the UKโs motoring industry needed to be addressed by creating a UK representative body to provide leadership, protection and direction to the industry. The SMMT now represents more than 650 automotive companies within the UK.
How Does The SMMT Work?
The SMMT is a non-profit organisation, meaning that its sole purpose is something other than making a profit. This means that the SMMT isnโt a business โ itโs an organisation that focuses on providing support, knowledge, and other expert services to its members, other industries, and government.
The SMMT offers a variety of services, one of which is known as the Motor Vehicle Registration Information System (MRVIS). The MRVIS is used by the government to collect data about new registrations of vehicles from their manufacturers, importers, and the Driver and Vehicle Licensing Agency.
As well as this, the SMMT offers member events, such as the Open Forum Event that will take place this year on November 9th 2016. Itโs a great way to provide networking, presentations and interactive discussions on issues and opportunities across the sector. Another fantastic event is the Commercial Vehicle Show that takes place from April 25th โ 27th 2017.
How Does the SMMT Benefit the Automotive Industry?
The SMMT is a great asset to the automotive industry, as they have over a centuryโs worth of knowledge and expertise. A great benefit of being a member of the SMMT is that they offer some fantastic services, such as:
The SMMT is an important organisation that helps, improves, and protects the automotive industry, making it one of the UKโs largest industries. That is why we at Dean Group care so much about the services that we provide to our customers.
If you would like to know more information, then please get in touch today on 0161 775 1633 and speak to one of our incredibly friendly members of staff.