John Leech, KPMG’s UK Head of Automotive, commented on the SMMT figures published today highlighting a decrease in UK car production of 20% in August 2014.
“UK car manufacturers, most notably Nissan, have taken the opportunity to schedule essential plant maintenance during the traditionally quiet month of August. This is just a blip and we expect strong growth in UK car production in the final quarter of this year powered by new launches of the 5-door MINI and Jaguar XE, both of which I expect to be successes. The new Jaguar XE ‘s specifications look to be particularly competitive compared with its principal rivals and it will be interesting to see if the consumer responds. This underlines the strength of the UK’s model line-up at present – the Nissan Qashqai, Juke, BMW MINI, Jaguar and Range Rover cars are all widely recognised as class leading.
“There is no doubt that UK car production has never had a brighter future than it does today. We remain confident of UK car production growing by over 20% to an all-time record of 2 million vehicles in 2017.”
- ENDS -
Nahidur Rahman, KPMG Press Office
T: 020 7694 8812
M: 0788191 6975
KPMG Press Office: 020 7694 8773
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.