The UK automotive sector’s recovery remains deeply troubled

KPMG respond to SMMT UK car manufacturing data for May:

KPMG respond to SMMT UK car manufacturing data for May:

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

“The UK automotive sector’s recovery from the disruption of the last two years remains deeply troubled.  High energy costs are clearly part of that picture and will further challenge the resilience of UK car makers.

“Amidst a cost of living squeeze and very limited new vehicle supply, passing increased costs back to the consumer is far from easy.  Whilst at a time of great innovation for the industry, having to cut R&D budgets or investment risks future growth and market position.” 




Media contact:

Steven Reilly-Hii, Media Relations Manager, KPMG LLP,


T: 07510 376635.


About KPMG:

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 15,300 partners and staff.  The UK firm recorded a revenue of £2.43 billion in the year ended 30 September 2021. 

KPMG is a global organisation of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 145 countries and territories with more than 236,000 partners and employees 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.

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