New car sales have remained relatively robust so far in 2022

KPMG respond to SMMT new car registrations data for April:

KPMG respond to SMMT new car registrations data for April:

Richard Peberdy, UK Head of Automotive, KPMG, said:

“As implications of conflict in the Ukraine further complicate supply chain challenges that were already lingering from the pandemic, the impact of a rising cost of living adds further uncertainty for the automotive industry in 2022. 

Yet in the face of weakening consumer spending power and rising fuel and energy costs, car sales demand has remained relatively robust so far this year, compared with the very limited supply.  Spending intention also remains, with a fifth of consumers planning on spending savings in 2022 telling KPMG that they will use them to buy a car.”

 

ENDS.

 

Media contact:

Steven Reilly-Hii

Media Relations Manager

KPMG LLP

E: steven.reilly-hii@kpmg.co.uk

T: 07510 376635.

 

About KPMG:

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 15,300 partners and staff.  The UK firm recorded a revenue of £2.43 billion in the year ended 30 September 2021.

KPMG is a global organisation of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 145 countries and territories with more than 236,000 partners and employees 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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