John Leech, UK Head of Automotive at KPMG comments on the 2012 vehicle manufacturing data published today by the Society of Motor Manufacturers and Traders:
“News that UK car production set an all-time export record is clearly welcome and has essentially been driven by great performances at both JLR and Nissan. JLR’s Range Rover is the vehicle that best meets the consumer aspirations of the fast-growing middle-class in emerging markets especially China while Nissan’s Qashqai kick-started the fast-growing urban crossover vehicle segment.
“The dramatic fall in car sales throughout the Eurozone has undoubtedly impacted the UK car industry and has hit Honda and Ford’s Transit production already. There remains further risk that production will fall in the first quarter of 2013 as the Eurozone remains under pressure.
“However, the medium-term prospects of the UK car industry remain excellent and UK vehicle production should hit the 2 million mark in 2016. This will be driven by new vehicle production plans in place at Nissan, JLR and other UK car plants that should be resilient to continuing Eurozone weakness.”
Katrin Boettger, Senior PR Manager
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