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November car production makes for disappointing reading, but pent up demand may be released in the New Year

November car production makes for disappointing reading

Justin Benson, UK head of automotive at KPMG, comments on latest SMMT new car registration figures for the month of November.

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Commenting on the latest SMMT new car registration figures for the month of November, Justin Benson, UK head of automotive at KPMG, said:

“The latest car production numbers are disappointing, but it’s all about consumer confidence. People have been waiting for more certainty, as well as the result of the general election. Markets and foreign exchanges have been ‘reasonably’ kind to the result so far, which bodes well for some pent up demand in the New Year. Raise a cheer this festive season to the power of the consumer as confidence improves.”

-ENDS-

Notes to editors:

November’s SMMT car production figures can be accessed: here

For media enquiries, please contact:

Simon Wilson, KPMG Corporate Communications
T: 020 7 311 6651
M: 077853 73397
E: simon.wilson@kpmg.co.uk

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 17,600 partners and staff. The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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