John Leech, Partner in KPMG’s Automotive practice comments on the SMMT car registration figures:
“The rise in new car sales of 7.3% to almost 60,000 units in August is a welcome cheer but it is September’s plate-change figures that are the health barometer of the new car market. Although the SMMT’s full year forecast remains on track, the market is still fragile – manufacturers are recognising this and therefore are offering some great deals in the marketplace to keep consumers buying. Despite these home market uncertainties, the growth of Far-Eastern economies such as China and India is likely to continue to sustain the UK’s automotive industry, through its peaks and troughs, for decades to come.”
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KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 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. KPMG International provides no client services.
