Fleet sales to keep the UK car market motoring

Fleet sales to keep the UK car market motoring

Cheap finance deals in the automotive market results in continued growth in sales.

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John Leech, KPMG's UK Head of Automotive, commented on the February UK car sales published by the SMMT today which are up 3.0%. 

He said: “UK car sales continued to grow in February driven largely by cheap finance offered by car manufacturers but also bolstered by continuing PPI claim payouts and substantial fuel cost savings available from switching to a new car.

“Although there have now been two consecutive years of monthly growth in new car sales, the rate of increase has slowed over the past six months. The reason for this is that the private-buyer fuelled boom in new car sales looks to be coming to an end – new car sales to private buyers only increased by 2.1% in February, down from the double-digit growth of previous months. Fortunately, fleet sales have taken up some of the slack, and I expect them to remain robust in the coming months. Now that the UK car market is back at its long-run average, it feels like we have finally returned back to normal.”


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Nahidur Rahman, KPMG Press Office

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About KPMG

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 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. Each KPMG firm is a legally distinct and separate entity and describes itself as such.


This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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