Demand from EU markets helps fuel growth in car production

Demand from EU markets helps fuel growth in car p...

UK car production growth strengthens from a rise in EU consumers purchasing more British made cars

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John Leech, KPMG’s UK Head of Automotive, commented on the UK car production figures for March published today by the SMMT.

The 12% growth in the number of cars made in the UK in March 2014 has been driven by strong demand in all major markets."

“In the last couple of years demand from UK and emerging market consumers has driven the growth in UK car production, but now EU consumers are also buying more cars made in Britain.”

Mr Leech said the Nissan Qashqai, BMW Mini and Range Rover Sport had been successfully launched in the last few months and he now expected strong year on year growth in UK car production for the rest of 2014.

“With exciting new model launches planned over the next three years, including the new Vauxhall Astra and Jaguar XE, I am confident that car production will continue to rise towards 2 million vehicles in 2017 and a huge £8 billion trade surplus,” he added.


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Richard Lakin, KPMG Midlands PR Manager

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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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