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KPMG comments on new car registration figures for November 2020

KPMG comments on new car registration figures

Andrew Burn, Head of Automotive at KPMG UK, comments on the SMMT’s new car registration figures, which fell by 27.4%.

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He said: “Given the latest lockdown, the new car registration figures for November come as no surprise, with yet another tough month for the sector.

“Although car sales fell overall, the positive news is the continued advancement in hybrid and electric vehicle sales, with market share having grown to 36.9%, whilst diesel has fallen to 14%. With the recent government announcements around the 2030 targets, I expect this trend to continue and for market share to keep building.

“Looking ahead, carmakers will be hoping for a positive Christmas period to give the sector a boost prior to seeing the impact of Brexit in January.”

ENDS

 

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About KPMG in the UK

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 21 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 organisation of independent professional services firms providing Audit, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

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