All-time UK automotive sales record certain to be broken in 2015

UK automotive sales record certain to be broken in 2015

John Leech, head of automotive at KPMG UK, comments on the latest SMMT new car registration figures. He said:

Also on KPMG.com

“With new car sales rising 3.8 per cent in November and year-to-date figures some 2 per cent higher than in 2014, it seems certain that 2015 will break the all-time sales record for new cars. Manufacturers are maintaining their levels of incentives fuelled by the strength of Sterling and with an expected year end pre-registration push, we expect that 2.62 million cars will be sold in 2015, beating the 2.58 million record set in 2003. Although diesel sales have remained steady, Volkswagen is suffering as a direct consequence of the Dieselgate publicity with sales down 20% in November.

ENDS

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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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