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UK sector snapshot – Automotive
Coface has upgraded its risk assessment for UK automotive sector but businesses still need to watch out for hazards on the road. The issue of new number plates means March is typically one of the busiest times for the automotive sector which is now showing signs of recovery after several difficult years. A revival in new and used car and commercial vehicle sales and a better outlook for investment are fuelling optimism but take care because insolvencies are still rising.