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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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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