Tag: KPMG

September UK car manufacturing goes into reverse amid Brexit uncertainty

26th October 2017 | 0 Comments

UK car manufacturing fell in September, with year-on-year output declining -4.1 per cent, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). 6,500 fewer cars rolled off production lines than in the same month last year, with a total output of 153,224.

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KPMG appoints new UK head of automotive

10th October 2017 | 0 Comments

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.

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KPMG appoints Ed Thomas UK head of transport

21st September 2017 | 0 Comments

KPMG has appointed Ed Thomas as its UK head of transport with immediate effect. Thomas joined the firm as a graduate in 1995 and was promoted to partner in 2013. He has been central to KPMG’s transport advisory business since he joined. Specialising in rail, he has led both policy reviews for Government and bidding engagements for the private sector in the UK. With a wide international grasp of the sector, Ed has also led rail projects in North America and Southeast Asia. Beyond rail, he advises public sector transport authorities on the funding of new infrastructure.

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KPMG strengthens UK Mobility 2030 team with senior appointment

KPMG strengthens UK Mobility 2030 team with senior appointment

30th August 2017 | 0 Comments

KPMG has appointed Christoph Domke to lead its Commercial Mobility function as a director within its Mobility 2030 practice. The professional services firm’s Mobility 2030 practice provides global insights and support to help clients in sectors including automotive, energy, infrastructure, retail, telco and government to position themselves for future success.

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UK automotive sector reacts to the Queen’s Speech

22nd June 2017 | 0 Comments

It did not take long for various sectors of the automotive industry and aftermarket to voice their reactions to the Queen’s speech at the opening of Parliament on Wednesday. One such reaction came from Brian Madderson, Chairman of The Petrol Retailers Association (PRA). He said: “The PRA has raised concerns directed at the government’s announcement that large retailers and motorway service areas (MSA) will be required to install electric charge points”.

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UK car registrations decline in May – SMMT figures

5th June 2017 | 0 Comments

After hitting record peaks in 2016 and early 2017, the UK’s new car market saw a significant decline in May. New passenger car registrations declined 8.5 per cent, with a total of 186,265 units. In 2017 overall, the market is 0.6 per cent lower than last year, with more than 1.1 million cars registered between January and May. Alternative fuel vehicles (AFVs) continued their impressive 2017 growth in May, 46.7 per cent higher than in 2016, with a total of 8,258 AFVs registered making 47,936 so far this year. The National Franchised Dealers Association (NFDA) argued that the general election’s short-term impact on consumer confidence has been the key factor, and that medium term prospects remain good for another record-setting year. However KPMG analysts were more taciturn, suggesting car manufacturers have turned their attentions to Europe and expecting a steady decline in 2017.

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UK car manufacturing acceleration result of investment of ‘billions of pounds’ – KPMG

27th April 2017 | 0 Comments

KPMG says UK car manufacturers’ increasing production comes as a result of a period of investment running to “billions of pounds.” Simon Heath, automotive M&A specialist for KPMG in the UK commented on the SMMT car production figures that were up 7.3 per cent in March 2017.

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KPMG: Motorists will ditch car ownership in less than a decade

9th January 2017 | 0 Comments

UK automotive executives expect that more than half of today’s car owners will not want to own a car in less than a decade, according to KPMG’s Global Automotive Executive Survey 2017. The survey found that 74 per cent of UK automotive executives think that by 2025, more than half of car owners today will not want to own a vehicle, as self-driving technology and mobility as a service will take priority.

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Autumn Statement transport investments ‘positive’, but ‘real prize is not addressed’

23rd November 2016 | 0 Comments

While welcoming chancellor of the exchequer Phillip Hammond’s transport announcements in the 2016 Autumn Statement, KPMG analysts have criticised the focus on increasing capacity, rather than “making more from the capacity” the UK has already.

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Fleet registrations propping up small growth in UK new car market

Fleet registrations propping up small growth in UK new car market

4th November 2016 | 0 Comments

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.

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Record six months for new car market, though June demand contracts – SMMT

Record six months for new car market, though June demand contracts – SMMT

6th July 2016 | 0 Comments

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.

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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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KPMG – Brexit would cause ‘UK automotive market concerns’

20th June 2016 | 0 Comments

John Leech, Head of Automotive at KPMG in the UK, has highlighted concerns relating to what would happen to the UK automotive market in the event of Brexit. With SMMT data suggesting that more than nine out of ten automotive market members are in favour of remaining, his views add detail to that consensus perspective. He said:

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Steady growth in May car registrations

7th June 2016 | 0 Comments

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.

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KPMG forecasts vehicle production growth

29th April 2016 | 0 Comments

John Leech, head of automotive at KPMG, has commented on the latest automotive manufacturing figures published by the SMMT, suggesting that UK manufacturing will approach 10 per cent growth this year.

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