John Leech, head of automotive at KPMG UK, comments on the latest SMMT car manufacturing figures.
"UK car manufacturing in the first half of the year performed strongly largely due to the increased number of models made in the UK, following the launch of the Jaguar XE and Land Rover Discovery Sport and the recovering Eurozone market.
"We expect even more cars will be made in the second half of the year as further new models from Jaguar Land Rover, Vauxhall and Honda are launched and our major market, the Eurozone continues to recover. With future planned model launches we forecast UK car production will beat its all-time record and the 2 million barrier in 2018."
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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 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.