Stronger sales are helping some retailers

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

“Stronger sales are helping some retailers beat market expectations and support healthy dealer margins as new and used car inventories remain low.

“The supply and demand imbalance has created the unusual situation of used cars rising in value, rather than depreciating. But recovering fleet sales will eventually replenish the used car market and clip inflation, following 18 months of stifled investment.

“There’s potential for some consolidation between these top-performing retailers and the growing bunch of international online players, who are hungry for the experience, infrastructure and used car supply that traditional dealers boast.”

ENDS

ENDS

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About KPMG UK

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 a 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.