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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