UK car production in the fast lane, says KPMG

UK car production in the fast lane, says KPMG

John Leech, UK head of automotive at KPMG comments on the SMMT figures which highlight domestic car production was up 1.9 per cent in March

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John Leech, UK head of automotive at KPMG comments on the SMMT figures released today that highlights domestic car production was up 1.9 per cent in March with 144,893 cars built – the best March since 2006. He said:

“New car production rose in March bolstered by new models such as the Land Rover Discovery Sport and a recovering European car market which has grown for 19 consecutive months.

“We expect new car sales will continue to accelerate this year as new models such as the Jaguar XE are launched and demand increases in most of our major markets.  Overall we anticipate a 6 per cent growth in UK vehicle production in 2015.”

-ENDS-

 

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About KPMG

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.

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