John Leech, KPMG’s UK Head of Automotive, commented on the SMMT figures published today highlighting UK car manufacturing fell 6.7% in October to 150,060 units. He said:
“The surprising fall in UK car production in October was due to weakening export demand and a higher amount of lost production days arising from supplier issues. I do not expect this downward trend to continue as planned model launches should see UK production rising towards 2 million cars sold in 2017.”
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Nahidur Rahman, KPMG Press Office
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KPMG LLP, a UK limited liability partnership, 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.