“UK car production grew by 9.9 percent in September 2013 continuing the recent trend of excellent figures.
“The industry is confident that demand from the Eurozone has stabilised following six straight years of decline and that UK and emerging market demand will continue to be very strong.
“The average price of cars exported is now double that of cars imported which shows that the UK is slowly re-orienting itself as a manufacturer of luxury cars, which is a much more sustainable situation than we have had before.
“The current production run rate is back at pre-recession levels last seen in 2008. Our forecast is that UK car production will continue to rise in 2014, 2015 and 2016 before peaking in 2017 at 1.9 million vehicles.”
- ENDS -
For further information please contact:
KPMG Press Office
T: +44 (0) 207 694 8773 Direct dial
M: +44 (0) 782 4475168
KPMG Press Office: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.