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.
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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