Brexit has created uncertainty across all sectors of the economy, with claims it will prompt a steeper decline in new car and LCV registrations to 2018.
Dealerweb has said new and used car enquiries have remained stable in the the four weeks after referendum.
Customers will be more open to warranty and insurance products as they crave greater security amid the uncertainty of post-Brexit Britain.
Toyota looks set to relinquish its status as the world’s largest car manufacturer to Volkswagen after the strength of the Yen put the squeeze on profits.
Dealers need to take a fresh look at their lending panel and see whether it is still fit for purpose in a post-Brexit world.
Much of European OEM’s increased investment in the UK has been due to the stability of the regulatory environment and the robustness of our financial systems. It will be some time before we realise the full impact of that dislocation.
Consumer and business confidence has slumped in the wake of the UK’s June vote to leave to European Union.
Buyacar.co.uk has seen an upswing in new car searches following the Brexit result.
Ford factory closures and price hikes are “on the table” as the manufacturer looks to cut costs amid fears that Brexit could cost the brand over £800 million over the next two years.
Black Horse is expecting to see increased challenges in the second half of this year as the regulatory and economic climate becomes more uncertain.
The SMMT has insisted that future growth of UK automotive manufacturing is uncertain following the publication of results which showed the most productive H1 since the year 2000.
The NFDA has backed calls for a delay to the imposition of the government’s proposed apprenticeship levy, citing “economic uncertainty” following the UK’s Brexit decision.
Car buyers are concerned the Brexit result will push up the price of fuel and insurance, according to an AA poll.
Since the EU referendum, sterling has plummeted in value against dollar, the euro and the yen, but what does it mean for UK car dealers?
AM’s survey of how the automotive retail industry planned to vote in the EU referendum predicted the result exactly. Its effects are much less certain.
Vertu Motors said yesterday it expects no major changes to franchise agreements as a result of the Brexit.
Britain’s Brexit decision could provide a boost to the used car sector at the expense of new car sales, according to Startline Motor Finance.
The National Franchised Dealers Association has welcomed the Bank of England’s decision to hold interest rates at 0.5%.
The quieter months of summer will put the effects of Brexit on used car prices on hold until the fourth quarter of 2016, says Glass's.
The result of the Brexit referendum will cause “a very damaging period of uncertainty”, according to the head of Mitsubishi.
