Not as bleak as it may seem, KPMG comments on the latest SMMT car registration figures
KPMG comments on the latest SMMT car registration
Commenting on the latest car registration figures from The Society of Motor Manufacturers & Traders (SMMT), Justin Benson, UK head of automotive at KPMG, said:
“Given the strong performance in August – when consumers took advantage of the deals available ahead of the changes to the new registration plates – it is unsurprising that September would realise a fall in growth. While a fall of -20.5% in September may paint a rather bleak picture at first glance, year-to-date the numbers are still holding up against previous record years.
“Cars are a big ticket purchase, so any confusion around what type of car to buy will impede growth in sales, and the downbeat messaging from automakers regarding Brexit will inevitably have made consumers think twice before driving off the forecourt. Meanwhile, the new emission testing regime may have proved a bottleneck this month, but in the long run it will really help consumers decide which car is best for them and the environment.”
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