KPMG forecasts vehicle production growth

John Leech, head of automotive at KPMG, has commented on the latest automotive manufacturing figures published by the SMMT, suggesting that UK manufacturing will approach 10 per cent growth this year. He said: “UK car production grew by 9.8 per cent in March 2016 leaving the first quarter up by 10.3 per cent. This strong performance is due principally to market share gains from the launch of new models such as Jaguar XE, F-PACE and Vauxhall Astra.  The recovering EU and Chinese market, buoyant UK market and weak Pound ahead of the EU referendum will provide a strong tailwind for the second quarter. We forecast UK vehicle production will grow by 8 per cent overall in 2016.”