KPMG: new car sales growth adjusted down 1/6 after Brexit

24th June 2016 | 0 Comments
 

Market analysts at KPMG have revised down full year 2016 new car sales predictions by a sixth from 3 million units to 2.5 million following the UK’s decision to leave the EU. The fear is that the automotive industry, of which tyre supply (both OE and aftermarket) are clearly a part will be most seriously and negatively affected by Brexit. John Leech, head of automotive at KPMG UK, certainly suggested as much: “The British public has voted to leave the EU. As recent surveys showed, the automotive industry is anticipated to be one of the sectors most impacted by the vote to Leave the EU.”

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Category: International News, Legislation, UK News

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