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UK car production: “worst September for 25 years” says SMMT

SMMT

UK car production fell in September, with output down -5.0 per cent, to register the worst performance for the month in 25 years, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Factories turned out 114,732 cars, a decline of some 6,000 units on the same month in 2019, as companies continued to wrestle with the uncertain economic and political environment and Covid-related challenging global market conditions.

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  3. UK car production falls 14.2 per cent in 2019
  4. UK car manufacturing faces long wait to return to normal levels – KPMG
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Auto industry ‘far from out the woods’ despite car sales growth – KPMG

SMMT

Commenting on SMMT’s new car registration figures for the month of July, Andrew Burn, UK head of automotive at KPMG, said: “With social distancing measures easing and dealerships finally in a position to reopen, it’s great to see pent-up demand released and car registrations picking-up again. However, as the year-to-date figures make painfully clear, total lost sales in 2020 are expected to be £20bn, so in many ways it’s a case of damage limitation. We’re still a long way off pre-Covid-19 levels of sales.

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  1. UK car manufacturing faces long wait to return to normal levels – KPMG
  2. Fleet registrations propping up small growth in UK new car market
  3. Fall in new car market a ‘wake up call’ to policy makers
  4. UK car production falls 14.2 per cent in 2019
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UK car manufacturing faces long wait to return to normal levels – KPMG

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SMMT

While UK car manufacturing is beginning to reopen production lines after producing just 197 units in April, Andrew Burn, partner and head of Automotive at KPMG, said the road ahead is far from clear, despite the UK’s car dealerships being given the green light to open. Export markets, uncertainty about demand, and the challenge of cross-border supply chains all provide significant headwinds for the country’s car makers.

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Related news:

  1. SMMT figures ‘extremely worrying’ says KPMG
  2. UK car production falls 14.2 per cent in 2019
  3. Auto industry ‘far from out the woods’ despite car sales growth – KPMG
  4. British car manufacturing in decline, based on sustained domestic demand fall
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Analysts comment on April car sales figures

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SMMT

Analysts have commented on the “unsurprising” news that UK new car sales have plummeted to depths not seen for 70 years in April. Automotive industry observers at Deloitte and KPMG looked to the future, suggesting cautiously that the reopening of showrooms could provide opportunities for consumers, while suggesting that sales digitisation could be important for dealers.

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  1. Decline in car sales continues in October
  2. Peak petrol – has UK hit auto landmark unnoticed?
  3. Fall in new car market a ‘wake up call’ to policy makers
  4. UK car manufacturing faces long wait to return to normal levels – KPMG
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KPMG appoints Andrew Burn to lead Automotive practice

Professional services firm, KPMG, has appointed Andrew Burn as UK head of Automotive with immediate effect. Burn is a partner within the firm’s restructuring practice and has over 25 years of experience in guiding clients through challenging situations. He has provided company side restructuring advice across the public and private sectors, as well as to privately owned and private equity-backed companies and PLCs. Over the last ten years, he has worked extensively with clients in the automotive sector across the UK and Europe, advising on various areas including supply chain risk management. He succeeds Justin Benson who has left the firm to pursue a new opportunity.

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Related news:

  1. UK car manufacturing faces long wait to return to normal levels – KPMG
  2. Auto industry ‘far from out the woods’ despite car sales growth – KPMG
  3. KPMG strengthens UK Mobility 2030 team with senior appointment
  4. KPMG appoints Ed Thomas UK head of transport
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