“The figures published today represent a blip as car plants prepare to launch new models such as the Jaguar XE, Land Rover Discovery Sport and variants of the BMW MINI and Honda CR-V.
“The UK’s car manufacturers are experiencing headwinds of weak European demand and a strong pound but our luxury cars remain highly desirable in Asia and the Americas. This together with buoyant home demand and a high number of important vehicle launches in the UK in 2014 and 2015 will drive up UK car production in 2015. We expect an overall rise of 8 per cent in 2015.”
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 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 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.