UK car manufacturing speeds through May, says KPMG

UK car manufacturing speeds through May, says KPMG

John Leech, head of automotive for KPMG UK, comments on the growth of the UK car manufacturing in May by 2.3 per cent.

Also on KPMG.com

John Leech, head of automotive for KPMG UK, comments on the growth of the UK car manufacturing in May by 2.3 per cent. He said:  “The strong domestic market continues to drive UK production, indeed it is still possible that new car sales in 2015 will beat the all-time record set in 2003.

“Overseas, it’s a mixed picture with the EU market’s recovery looking sustainable, while Russia and China continue to be challenging.

“Year to date production is down 0.8 per cent largely due to planned downtime ahead of new car launches such as the Land Rover Discovery Sport and Jaguar XE.  Further upcoming launches this year include the Honda Jazz and Vauxhall Astra so overall we expect UK production to grow in 2015 and again in 2016 and 2017.  We continue to forecast that in 2018 UK production will beat the all-time record set in 1972.”

- ENDS -

 

For media enquiries, please contact:

Nahidur Rahman, KPMG Press Office

T: +44 (0)20 7694 8812

M: +44 (0)788 191 6975

E: nahidur.rahman@kpmg.co.uk

KPMG Press office: +44 (0)207 694 8773

Follow us on twitter: @kpmguk

 

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.

Connect with us

 

Request for proposal

 

Submit

KPMG’s new-look website

KPMG’s new-look website