John Leech, head of automotive at KPMG UK, comments on the latest SMMT car manufacturing figures. He said:
“While today’s car manufacturing figures show production hitting the highest year-to-date level in a decade, the overall output fell slightly in October compared to the same month last year. The reasons for this drop are twofold: the seasonal cooling down as a number of UK plants prepare for new models, such as the new Vauxhall Astra being launched at Ellesmere Port later this month; and weakness in demand in the Chinese and Russian markets.
“However, this is a blip, rather than a trend. Undoubtedly 2016 will see more cars made in the UK than in the previous decade, and I forecast that car production will continue to grow in future years, peaking at 2 million in 2020 to beat the all-time production record.”
- ENDS –
Frances Shennan, KPMG Press Office
Frances.email@example.com, +44 (0)121 335 2575
KPMG Press Office: +44(0)20 7694 8773
Notes to Editors:
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