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UK car manufacturing stalls in August

UK car manufacturing stalls in August

Justin Benson, Head of Automotive at KPMG in the UK, comments on today’s SMMT car manufacturing figures for August.

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Justin Benson, Head of Automotive at KPMG in the UK, comments on today’s SMMT car manufacturing figures for August. He said:

“The automotive industry continues to lead the way for manufacturing exports in the UK, with eight out of ten cars produced for overseas customers. However, with the majority of vehicle exports going to Europe, it’s vital that the sector gets some certainty, so details of an EU trade deal are needed now.

“The UK market appears to be struggling, albeit from historically high levels and a month which includes shutdowns for planned maintenance. That being said, it’s a plus for those looking to purchase a new vehicle, as they can haggle and drive a hard bargain, but longer term consumer sentiment is extremely important to the sector.” 

-ENDS-

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