Justin Benson, Head of Automotive at KPMG in the UK, comments on the SMMT’s car manufacturing figures for July, released today.
He said: “The latest SMMT numbers come after recent historic highs for production levels in the UK. So some levelling out is not unexpected, particularly as the industry enters a hugely disruptive period with electric, connected and autonomous vehicles entering the market over the next few years.
“However, the export numbers are a little worrying. 80% of cars produced in the UK are for export and given the relatively buoyant consumer markets in the US, China and the EU, the concern would be that tariffs, whether Brexit or others, will make consumers around the world start to think twice about buying new cars. That being said, market share is now all to play for, which bodes well for consumers, so if you are in the market for a new car ‘drive’ a hard bargain!”
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