The AA stresses there are many unanswered Brexit questions and that it will take months, possibly years, to negotiate a complete picture for motoring and the motor industry in the UK. The following is the AA's best understanding of the immediate implications. Fuel Prices In terms of the price of petrol at the pumps, there will be a period … [Read more...]
Referendum implications for UK Automotive
The EU Referendum in Britain tomorrow is nothing more than a homage to guesswork. It must be made clear that the EEC/ EC/ EU is not an economics project. The goal of the founding fathers of the European movement was to maintain peace and to ensure, in their words, that there would never be a civil war in Europe again, and this was to be achieved by … [Read more...]
Brexit is baffling the big-car market, say Glass’s
Potential buyers of higher value used cars appear to be holding back until the outcome of the EU referendum is known, according to the UK's leading vehicle data provider, Glass's. The company is increasingly hearing anecdotal evidence from dealers that cars priced over £15,000 are struggling to sell - with a potential BREXIT apparently being the … [Read more...]
Pre-registrations inflate March sales before Brexit vote
Car makers and dealers are pre-registering high numbers of vehicles to overcome possible sales slowdown if the UK votes to leave Europe, says Rupert Pontin, Head of Valuations, Glass’s. Reflecting on over 500,000 registrations in March, the highest since 1999, he said, “It is very interesting to see that new car registrations have seen another healthy … [Read more...]
Brexit vote likely to upset used car market
There would be "significant uncertainty" over used car values if the UK left the EU following the June referendum, believes Glass's. The leading automotive data provider in Europe, Glass's, points out that there are virtually no precedents on which to base the likely impact of a BREXIT. Rupert Pontin, Head of Valuations, said: "When we try to model … [Read more...]
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