UK car manufacturing to continue growth until 2020

John Leech, Head of Automotive for KPMG in the UK has commented on the car manufacturing figures published by the SMMT today.

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

Company

KPMG

Related Articles

Environmentally friendly

Aluminium ingot manufacturer Norton Aluminium has appointed Trevor Bird as its new general manager.
8 years ago News
Most recent Articles

Renishaw highlights career pathways in engineering

There is not one singular blueprint that can lead to a career in the engineering industry. It offers a variety of roles, open to people from diverse backgrounds. To highlight the diversity of skills and experiences in engineering, global engineering technologies company, Renishaw, has created the ‘Employee perspectives’ series.
20 hours ago News

Login / Sign up