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.”
-ENDS
Media contact:
Steven Reilly-Hii, Media Relations Manager, KPMG LLP,
E: steven.reilly-hii@kpmg.co.uk,
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.
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