John Leech, head of automotive at KPMG UK, comments on the latest SMMT new car registration figures.
“New car sales rose 3.2 per cent in July continuing the recent trend of low single digit growth seen in recent months.
“The strength of the Sterling and improving consumer confidence makes the UK car market attractive to vehicle manufacturers but the recovering Eurozone markets means that we now forecast muted growth in the second half of 2015. It seems more likely that the UK market will undershoot the all-time sales record of 2.58m vehicles set in 2003. We now expect sales of 2.56m in 2015.”
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Nahidur Rahman, KPMG Press Office
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This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.