United Kingdom

Details

  • Industry: Automotive
  • Type: Press release
  • Date: 04/05/2012

UK new car sales buck the trend, says KPMG 

 

John Leech, UK head of KPMG’s automotive practice, comments on the Society of Motor Manufacturers and Traders (SMMT) car registration figures which show that new car registrations rose 3.3% in April to 142,322 units.

 

“As UK new car sales buck the recessionary trend, the resurgence in the sale of new cars is starting to gather momentum.

 

“Most striking is a real strengthening of underlying retail demand which is up almost 15% in April 2012 compared to a year ago. 

 

“Although this is a surprise, it comes on the back of strong February and March sales figures which should give confidence to the industry and the wider economy.”

 

Ends

 

For further information please contact:

 

Arti Mohan, Corporate Communications

Tel: 020 7694 8735

Mobile: 07768 858 085

Email: arti.mohan@kpmg.co.uk

 

KPMG Press Office: 020 7694 8773

 

About KPMG

 

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.