Frustration and financial challenge, yet reassurance for carmakers

Responding to the SMMT UK car registration statistics for November, Richard Peberdy, UK head of automotive at KPMG, said:

“Supply shortages continue to limit the amount of cars produced, and as a consequence it’s no surprise to still see lower numbers of car registrations when compared to pre pandemic. 

Demand for what’s available, both new and old, continues to outpace car supply however.  That’s reassuring for the industry, despite the frustration and financial challenge of not being able to increase supply in order to meet demand.

Electric vehicle adoption is also a huge reassurance during these times.  It’s a key reason why our recently published annual survey of global automotive executives shows that the majority are optimistic about the coming years.” 

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About KPMG

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 organisation 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.