John Leech, KPMG Head of Automotive comments on the UK car production figures for September published today by the SMMT:
“UK car production grew by 9.9 percent in September 2013 continuing the recent trend of excellent figures.
“The industry is confident that demand from the Eurozone has stabilised following six straight years of decline and that UK and emerging market demand will continue to be very strong.
“The average price of cars exported is now double that of cars imported which shows that the UK is slowly re-orienting itself as a manufacturer of luxury cars, which is a much more sustainable situation than we have had before.
“The current production run rate is back at pre-recession levels last seen in 2008. Our forecast is that UK car production will continue to rise in 2014, 2015 and 2016 before peaking in 2017 at 1.9 million vehicles.”
For further information please contact:
Katrin Boettger, KPMG Press Office
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