KPMG has appointed Justin Benson as its UK head of automotive. Benson joined the firm in 2000 and has risen to the level of director. KPMG states that has worked in the automotive sector for over a decade and is well known within the industry.
The Society of Motor Manufacturers and Traders (SMMT) reports 180,168 new cars were registered in October, representing modest growth of 1.4 per cent. The growth was largely supported by fleet registrations, with private buyers continuing the trend of small declines. Registrations of alternatively fuelled vehicles continued to show growth in double digits, while the overall total for the year is also growing marginally, showing the resilience of the market. Analysis from KPMG suggests that predicted incremental price increases will not severely affect the market, though lower figures are anticipated in 2017.
The first six months of 2016 have seen new car registrations grow by 3.2 per cent in total, with 1,420,636 registered so far, according to figures released today by SMMT. This represents the best half-year performance ever recorded, though demand has levelled off in recent months, culminating in a slight fall (-0.8 per cent) in June 2016.
Demand for new cars in the UK remained stable in May with a steady 2.5 per cent growth in registrations, according to figures released by The Society of Motor Manufacturers and Traders (SMMT). 203,585 cars were registered in the month, May’s highest total since 2002.