You are here: / KPMG

Posts

‘Great relief’ but recovery ‘might be slower’ than expected – analysts on car sales

,

Car registration figures may offer some relief for the embattled sector, but analysts have warned the recovery might be slower than first hoped. Andrew Burn, managing director and head of automotive at Interpath Advisory (formerly KPMG Restructuring), said of the May SMMT registration figures: “The latest registration figures will come as great relief to the sector given the tumultuous challenges it is grappling with. The numbers reflect the first full month of showroom openings, with volumes back to circa 2012 levels. The question now is where volumes will settle once we have moved beyond the pandemic and the new norms are established.

Read more

Related news:

  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. Cautious recovery in new car registrations during May
  3. Car registrations ‘incredibly encouraging’ comments Carwow
  4. UK new car market down a third as tentative restart reveals subdued demand
/by

Continental using 100% green energy in production

As of the 2020 fiscal year, Continental is procuring all of the electricity for its production sites around the world from renewable energy sources. Confirmation of this milestone comes via a reasonable assurance report by auditor KPMG.

Read more

Related news:

  1. Bentley’s Dr Ariane Reinhart joins Continental’s executive board
  2. Revisiting the past for a better future – Continental looks at Nazi era activities
  3. Continental to expand restructuring programme to save 1 billion euros by 2023
  4. Bridgestone sourcing 100% renewable energy in Europe
/by

Mixed reactions to November car sales figures

The reactions to November’s UK car registration figures, which fell by 27.4 per cent year-on-year according to the SMMT, varied in tone; some were optimistic, others were worried about whether or not the industry could cope with the brought-forward target of 2030 for phasing out of sales of new petrol and diesel cars. And of course there was the uncertainty of whether a Trade Deal could be negotiated with the EU and of the effects of Brexit on the automotive industry, not to mention the effect on the automotive business of the pandemic.

Read more

Related news:

  1. Best January for new car sales for eight years
  2. UK car registrations decline in May – SMMT figures
  3. New car sales continue to slide in October
  4. Slight fall in August new car sales, but strong showing for electric cars
/by

UK car production: “worst September for 25 years” says SMMT

SMMT

UK car production fell in September, with output down -5.0 per cent, to register the worst performance for the month in 25 years, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Factories turned out 114,732 cars, a decline of some 6,000 units on the same month in 2019, as companies continued to wrestle with the uncertain economic and political environment and Covid-related challenging global market conditions.

Read more

Related news:

  1. British car manufacturing in decline, based on sustained domestic demand fall
  2. Brexit planning nearly halves UK car production
  3. UK car production falls 14.2 per cent in 2019
  4. UK car manufacturing faces long wait to return to normal levels – KPMG
/by

Auto industry ‘far from out the woods’ despite car sales growth – KPMG

SMMT

Commenting on SMMT’s new car registration figures for the month of July, Andrew Burn, UK head of automotive at KPMG, said: “With social distancing measures easing and dealerships finally in a position to reopen, it’s great to see pent-up demand released and car registrations picking-up again. However, as the year-to-date figures make painfully clear, total lost sales in 2020 are expected to be £20bn, so in many ways it’s a case of damage limitation. We’re still a long way off pre-Covid-19 levels of sales.

Read more

Related news:

  1. UK car manufacturing faces long wait to return to normal levels – KPMG
  2. Fleet registrations propping up small growth in UK new car market
  3. Fall in new car market a ‘wake up call’ to policy makers
  4. UK car production falls 14.2 per cent in 2019
/by

Auto analysts comment on ‘perfect storm’ for car sector

,
SMMT

Car industry analysts have outlined the compound challenge facing the UK’s car sector following the publication of the Society of Motor Manufacturers and Traders’ half-year figures. The stats show that the first half of 2020 yielded the lowest level of UK car manufacturing since the 1950s. Edwin Kemp, head of automotive strategy at KPMG, commented that the SMMT’s June 2020 new car manufacturing analysis is a harbinger for businesses’ likely descent into insolvency throughout the automotive supply chain. Peter Barnes, head of automotive at global legal business, DWF, added that the challenges facing the UK automotive industry add up to a perfect storm for the sector.

Read more

Related news:

  1. UK car production down -42.8%, 11,000 jobs lost in coronavirus crisis
  2. SMMT: Deal with EU necessary to support green momentum
  3. British car manufacturing in decline, based on sustained domestic demand fall
  4. Brexit planning nearly halves UK car production
/by

UK car manufacturing faces long wait to return to normal levels – KPMG

,
SMMT

While UK car manufacturing is beginning to reopen production lines after producing just 197 units in April, Andrew Burn, partner and head of Automotive at KPMG, said the road ahead is far from clear, despite the UK’s car dealerships being given the green light to open. Export markets, uncertainty about demand, and the challenge of cross-border supply chains all provide significant headwinds for the country’s car makers.

Read more

Related news:

  1. SMMT figures ‘extremely worrying’ says KPMG
  2. UK car production falls 14.2 per cent in 2019
  3. Auto industry ‘far from out the woods’ despite car sales growth – KPMG
  4. British car manufacturing in decline, based on sustained domestic demand fall
/by

New KPMG Mobility senior appointments

KPMG

KPMG has appointed Dr Sarah Owen-Vandersluis as its UK head of future mobility, and Edwin Kemp as UK head of automotive strategy. Commenting on future mobility, Owen-Vandersluis said changes would continue to accelerate, even with the effects of COVID-19. She believes that the pandemic “will accelerate previous trends towards digitisation, customer-centricity and zero-carbon.”

Read more

Related news:

  1. Auto analysts comment on ‘perfect storm’ for car sector
  2. Takaharu Fushimi returns to US as Yokohama CEO
  3. Ex-GfK director Kevin Glynn appointed to consultancy role at Tyre Intelligence Europe
  4. MWSD appoints European sales manager
/by

Analysts comment on April car sales figures

,
SMMT

Analysts have commented on the “unsurprising” news that UK new car sales have plummeted to depths not seen for 70 years in April. Automotive industry observers at Deloitte and KPMG looked to the future, suggesting cautiously that the reopening of showrooms could provide opportunities for consumers, while suggesting that sales digitisation could be important for dealers.

Read more

Related news:

  1. Decline in car sales continues in October
  2. Peak petrol – has UK hit auto landmark unnoticed?
  3. Fall in new car market a ‘wake up call’ to policy makers
  4. UK car manufacturing faces long wait to return to normal levels – KPMG
/by

KPMG appoints Andrew Burn to lead Automotive practice

Professional services firm, KPMG, has appointed Andrew Burn as UK head of Automotive with immediate effect. Burn is a partner within the firm’s restructuring practice and has over 25 years of experience in guiding clients through challenging situations. He has provided company side restructuring advice across the public and private sectors, as well as to privately owned and private equity-backed companies and PLCs. Over the last ten years, he has worked extensively with clients in the automotive sector across the UK and Europe, advising on various areas including supply chain risk management. He succeeds Justin Benson who has left the firm to pursue a new opportunity.

Read more

Related news:

  1. UK car manufacturing faces long wait to return to normal levels – KPMG
  2. Auto industry ‘far from out the woods’ despite car sales growth – KPMG
  3. KPMG strengthens UK Mobility 2030 team with senior appointment
  4. KPMG appoints Ed Thomas UK head of transport
/by

SMMT March numbers do not reflect extent of lockdown damage – KPMG

,
SMMT

Analysts have warned that the dire effects of the COVID-19 pandemic on car production are not fully reflected in the March figures, released today by the Society of Motor Manufacturers and Traders. Andrew Burn, partner and head of automotive at KPMG UK said that while the March data shows that conditions were difficult, April’s numbers will show the full extent of the effects of the UK lockdown on the sector.

Read more

Related news:

  1. UK car production fell 37% in March 2020 – SMMT
  2. UK car production falls 14.2 per cent in 2019
  3. UK car manufacturing at 10-year high
  4. UK economy in reverse after drop in automotive manufacturing
/by

Petrol and diesel car ban brought forward to 2035

, ,
Diesel pump - ICE car ban

Having initially committed to banning cars based on petrol, diesel or hybrid engines from 2040, UK prime minister Boris Johnson is now planning to implement the ban from 2035.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. The clock is ticking for combustion engines and conventional tyres
  3. UK car production falls 14.2 per cent in 2019
  4. SMMT March numbers do not reflect extent of lockdown damage – KPMG
/by

UK car production falls 14.2 per cent in 2019

,

UK car production fell -14.2 per cent in 2019, to 1,303,135 units, according to figures released by the Society of Motor Manufacturers and Traders (SMMT), with a -6.4 per cent drop in December rounding off a third year of decline. Output was affected by multiple factors, including weakened consumer and business confidence at home, slower demand in key overseas markets, a number of significant model production changes and a shift from diesel across Europe. Factory shutdowns in the spring and autumn, timed to mitigate expected disruption arising from the anticipated departure of the UK from the EU on 29 March and 31 October, also had a marked effect.

Read more

Related news:

  1. British car manufacturing in decline, based on sustained domestic demand fall
  2. Brexit planning nearly halves UK car production
  3. SMMT figures ‘extremely worrying’ says KPMG
  4. SMMT March numbers do not reflect extent of lockdown damage – KPMG
/by

Speaker programme announced for VRA’s “2020 Vision” seminar as event reaches capacity

The speaker programme for the Vehicle Remarketing Association’s “2020 Vision” seminar has been announced as the event reaches capacity with the final delegate spaces booked.

More than 150 industry professionals are expected to attend The Slate at Warwick University on Wednesday 27th November to hear a programme designed to help equip them to meet the challenges facing the sector in the coming year.

Read more

Related news:

  1. WMG leading £14 million UK automotive battery research project
  2. UK automotive sector reacts to the Queen’s Speech
  3. University of Warwick in £65 million battery research initiative
  4. Electric vehicle battery industry could be worth £2.7 billion for UK chemical companies
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.