2014 car production best since 2007 but below industry expectation, said KPMG
John Leech, KPMG’s UK Head of Automotive, commented on the SMMT figures published today highlighting 1,528,148 cars manufactured in the UK in 2014.
John said: “The number of cars sold in the UK rose again in 2014 to its best year since 2007 but this was below expectations for a number of reasons. There were delays in new model launches, most notably at BMW MINI. There is no doubt that the economic woes of the Eurozone and Russia hurt exports.
“We expect a number of manufacturers to post higher volumes in 2015, particularly Jaguar Land Rover, BMW and Vauxhall which all launched new models recently. Our forecast is that UK production will grow by 8% to exceed 1.6 million vehicles in 2015.”
