John Leech, UK head of automotive at KPMG, comments on the 13.1 percent growth in car production figures in February.
John Leech, UK head of automotive at KPMG comments on the latest UK car production figures from SMMT that highlights a 13.1 percent growth in February 2016. John said:
“UK car production grew strongly by 13.1 percent in February 2016 due to new models such as the Vauxhall Astra and Jaguar XE now in full production. Demand remains buoyant in the UK, EU and US and I believe that demand has bottomed out in China and Russia. Although the UK and US markets are close to their peaks, the EU is still below its pre-recession demand levels suggesting that there is still plenty of room for further growth in our major export market. 2016 is shaping up to be a great year for UK car manufacturers and I forecast that the all-time production record will be set in 2020.”
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