John Leech, head of automotive for KPMG in the UK has commented on the car manufacturing figures published earlier this week.
He said: “UK car production continued its impressive double digit growth up 16.4% in April 2016 due to recent product launches of the critically acclaimed Jaguar F-PACE, Jaguar XE and Vauxhall Astra. This growth was almost entirely from exports – now over 80% of cars made in the UK are exported.
"In the early part of this decade a lot of growth came from UK, US, China and Russian markets – now it is largely from the EU. Sales of cars in the EU is expected to keep growing in 2016 and 2017 as there is substantial pent-up demand. I forecast UK car manufacturing to be up 15% in 2016, an 11 year high and on track to beat the all-time record by 2020."
KPMG www.kpmg.com