Carmakers Driving UK Economy Back to Recovery – KPMG
Coming quickly on the heels of the promising UK new car sales figures last week, UK car production rose 15.6 percent in January 2012 on the back of strong demand for cars made in the UK and exports to developing economies such as China, a KPMG partner said.
“This raises hopes that 2012 could be the year that sees UK car production bouncing back to 2006 levels. I expect production to strengthen in 2012 to over 1.4 million new cars made in the UK this year,” John Leech, Partner in KPMG’s Automotive practice comments on the SMMT car production, said.
“All in all we expect a gradually improving story throughout 2012. There are significant investments in new models and production capacity at a number of plants, notably at JLR and BMW. Despite the continuing threat of Eurozone macroeconomic uncertainty, there’s great potential for the UK auto industry to grow and develop from a manufacturing and supply-chain perspective.”