In 2016, 52% of respondents to our Brexit poll said they wanted to leave the EU. Now, as we face six more months of uncertainty 60% want to remain.
To offset the risk of gridlocked ports and 10% tariffs in the event of ‘no deal’, some vehicle manufacturers pushed as much stock as possible into the UK in Q1
Car dealers reported a 60% decline in demand during March as reaction to political uncertainty over Brexit the introduction of WLTP-related taxation changes caused owners to hold on to their cars for longer.
The Society of Motor Manufacturers and Traders (SMMT) has expressed concerns that the Government’s six month Brexit extension has extended the current period of uncertainty for the automotive sector.
The SMMT has called on Government to bring an end to the threat of a ‘no deal’ Brexit to restore consumer confidence following a 3.4% decline in new car registrations during March.
Brexit, a global slowdown and confusion over the future of diesel vehicles have combined to create a crisis of consumer confidence which may have driven 2.4 million motorists away from a new car purchase.
With Brexit looming and the uncertainty of what that will mean for the industry, it’s fair to say that Q1 2019 has been like no other for UK automotive dealers.
A ninth consecutive month of declining car production at UK manufacturing plants should serve as “a wake-up call” for anyone who thinks the sector could survive a ‘no deal’ Brexit, the SMMT has said.
The UK's top 100 car retailers have cut 22% of debt from their business in order to avoid a “post-Brexit storm”, according to the findings of research carried out by UHY Hacker Young.
Brexit uncertainty has impacted consumer confidence, with almost half of all car buyers delaying the purchase of their next vehicle, according to BuyaCar.co.uk
Car parts will not attract an import tariff if the UK Leaves the EU under a ‘no deal’ scenario, scrutiny of a 1,477-page hard Brexit plan has revealed.
Marshall chief executive Daksh Gupta said that the group is well-placed to make “another Ridgeway-style acquisition” as he highlighted a strong balance sheet amid 2018 financial results which revealed a 2% decline in turnover.
Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.
SMMT has said that it will “put the record straight” on ‘no deal’ Brexit impact by dispelling 13 common myths as Parliament debates the meaningful vote.
Brexit could cause the closure of up to 1,000 vehicle repair outlets within a fortnight of Britain’s departure from the EU under a ‘no deal’ scenario, a meeting of the sector’s providers has suggested.
Car dealers are increasingly viewing Brexit as an “issue” as 50% of dealers rank it highly on a list of threats, according to Close Brothers Motor Finance’s Dealer Satisfaction Survey.
The results of the latest Auto Trader Market Report have revealed that a third of the UK potential car buyers are being put off a purchase due to the uncertainty surrounding Brexit.
UK car manufacturing suffered another decline in productivity during January as the volume of vehicles rolling off production lines fell by 18.2% to 26,858.
Vauxhall may emerge as “the survivor” of a post-Brexit car manufacturing sector in the UK, according to PSA Group chief executive Carlos Tavares.
Carwow has created an online tool to predict car costs after no deal Brexit, which motorists fear will make vehicles more expensive.
