UK car manufacturing accelerates through March, says KPMG

UK car manufacturing accelerates through March

Simon Heath, automotive M&A specialist for KPMG in the UK comments on the SMMT car production figures that were up 7.3% in March 2017.

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He said: “UK car manufacturers will be encouraged by these excellent figures that is the product of billions of pounds of investment over the last few years. The sector has enjoyed a boom of new models across brands, providing consumers with a wider choice of vehicles which encourages further demand. In addition, the depreciation of sterling has helped increase export volumes by 11.5% YTD.

“Whilst we expect 2017 to continue the strong car production volumes alongside the UK’s record new car registrations, potential uncertainty from the Brexit negotiations may provide additional challenges going forward.”

 

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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff.  The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 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.

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