Comment on SMMT production data

UK Head of Automotive at KPMG UK, Richard Peberdy comments on SMMT production data

UK Head of Automotive at KPMG UK, Richard Peberdy comments on SMMT production data

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

“Global inflationary pressures affecting materials like copper, steel, and oil are adding to the well-reported issues surrounding semiconductor supply, which continue to clip UK automotive output. And while the COVID-19 picture is improving, new outbreaks have forced some port shutdowns in China, creating new blockages in the global supply chain.

“Inventories have fallen to very low levels as production remains stifled and demand recovers. Carmakers are responding by focusing production on higher-margin models while developing and rolling out electric vehicles (EV) to safeguard market share and competitive positioning in this fast-growing part of the market.

“As EV production sustains momentum, it’s encouraging to hear that multiple manufacturers are in talks with the UK government over the construction of gigafactories. This won’t impact production in the near term, but their development will be crucial for the future of the UK automotive sector given the prohibitive nature of shipping heavy batteries from overseas.”


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KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded revenue of £2.3 billion in the year ended 30 September 2020.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax, and Advisory services. It operates in 147 countries and territories and has more than 219,000 people 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.