UK car market will plateau in the second half of 2016

UK car market will plateau in the second half of 2016

John Leech, head of automotive at KPMG UK, comments on the UK car registration figures published today by the SMMT.


Also on

He said: “UK new car sales were up 2.5 per cent in May due to the buoyant fleet sector offsetting a fall in demand from consumers. This is the second month that consumer demand has softened and signals that the top of the market has been reached for consumers following 2015’s all-time record sales.  Sterling has weakened by 11 per cent since November 2015 due to Brexit fears but so far this has not translated into transaction prices as manufacturers anticipate this is a short-term fluctuation. Cheap PCP car finance offered by manufacturers remains widely available and with renewals rising, it is unlikely that we will see consumer demand soften substantially further this year. Fleet sales are unlikely to keep up their current pace of growth for long however it is likely that the total UK car market will plateau in the second half of 2016.




For media enquiries, please contact:

Nahidur Rahman

PR Manager

T: +44 (0) 20 7694 8812

M: + 44 (0) 788191 6975

Follow us on twitter: @kpmguk

KPMG Press Office:

T: +44 (0)207 694 8773


Notes to Editors:

About KPMG

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 revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 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. 

Connect with us


Request for proposal



KPMG’s new-look website

KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.