It is vital that the government agrees a Brexit deal with the EU, retailers have been told.
If it cannot, then prices will rise as a result of the import tariffs that will be paid on vehicles and parts.
It is in everyone’s interests that a future trade deal between the UK and EU removes these tariffs, said RMI Chairman Peter Johnson, speaking at this year’s 106th Retail Motor Industry Federation annual dinner in London.
Since the referendum in June 2016, businesses in the UK have been waiting for clarity on our future terms of trade with the EU, and for clarity on who we are going to be able to recruit to work in our industry.
The SMMT and the automotive industry continue to work with politicians, government and other stakeholders to highlight the challenges and damage a UK withdrawal from the EU without a deal will bring to the sector.
However, this scenario remains the legal default position should no agreement be reached; so it is vital that businesses understand the changes that will arise in how they conduct trade with both the EU and some other countries around the world.
Companies must take the necessary steps to ensure they can continue trading from the UK once we leave the EU, which could well be at the end of this month.
With this in mind, SMMT in partnership with the National Franchised Dealers Association, North East Automotive Alliance, Northern Automotive Alliance, Drive Midlands and the Welsh Automotive Forum have pulled together an extensive programme to help businesses prepare as much as is possible for a ‘no deal’ Brexit.
In Wales this month, the Welsh Automotive Forum is holding a series of events with experts and advisers present to explain implications and answer members’ questions as the deadline approaches in about two weeks.
The programme includes an information pack, webinars, training courses, briefings and 1-to-1 business consultancy.
The programme of events will take place across the UK so there will be an opportunity, no matter where you are based, to access our programme.