Justin Benson, Head of Automotive at KPMG UK comments on the SMMT’s car manufacturing figures for April 2019.
Justin Benson, Head of Automotive at KPMG UK comments on the SMMT’s car manufacturing figures for April 2019. He said:
“April’s car production figures, which highlight a steep fall, are alarming for the automotive industry. The Brexit limbo needs to stop, as the sector requires certainty and clarity about the kind of Brexit deal that will be implemented. Whilst a significant fall in production was expected and planned for - in anticipation of the UK’s potential departure from the EU on 29 March - these sorts of figures cannot be repeated in October without serious implications for the sector’s output.
“The key concern is the effect on Britain’s competitiveness and reputation, considering around 80% of cars produced in the UK are exported. We are already seeing German and other EU countries moving their orders for manufactured goods from the UK to companies in other EU countries in readiness for Brexit, so damage is already being done. I can’t stress enough that the automotive industry needs stability, and it needs it now.”
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