Positive news for automotive sector, however all eyes remain on September |
As the UK new car registration figures for August are released, David Raistrick, UK Manufacturing Leader at Deloitte commented:
“Today’s figures showing the second consecutive month of growth in new car registration numbers is positive news for the industry, however the real test will come with September’s figures.
“It remains evident that the scrappage scheme has helped fuel this increase in production and registration levels, especially in the small car sector. However, the industry should not become complacent. We are not out the woods yet and it is imperative that the sector maintains this level of growth to achieve a sustainable recovery.
“It is clear that in order for the UK to emerge from recession we need to see real and sustained recovery across the automotive industry and manufacturing sector more widely.
“With September’s traditionally higher registration numbers it is critical that we see the positive increase from the last two months continued. I anticipate that new car buyers will flock to purchase their September cars taking advantage of the scrappage scheme, which will bring the end date of scrappage closer as funding runs low.”
About Deloitte:
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTT and its member firms.
The information contained in this press release is correct at the time of going to press.
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