Not all manufacturers have made a clear statement about how new vehicle orders will be affected by a no-deal Brexit. Of course, if there is a deal, then it is the terms of the deal which will determine the impact on prices and vehicle availability. To help you make sense of it all, here's what some of the leading manufacturers have said so far.
In the event of the UK’s exit from the European Union (EU) at 11.00PM on Thursday 31st October without an agreed deal (i.e. hard Brexit), all vehicle imports into the UK are expected to be subject to World Trade Organisation tariffs of +10%.
To provide clarity and the highest level of confidence to our customers at this time of uncertainty, Audi UK can confirm that orders tagged up to and on 31st October 2019 will be guaranteed at pre-Brexit price (i.e excluding WTO tariffs) Customers tagged orders submitted by close of business 5.30PM on Thursday 31st October will be price protected against the above tariff increases, irrespective of vehicle location or status code. This includes retail, fleet, contract hire, fleet outright purchases and Motability.
BMW have confirmed that they will be offering a price guarantee for all vehicles order up to, and including, the last working day before Exit Day. More information about BMW's stance on Brexit and how this could affect orders is available here.
In an event of a No-Deal Brexit, there may be a potential Import Tariffs of up to 10% on any goods (including vehicle components) imported into the UK post 31st October 2019. Therefore, we feel it is important to be very clear that the price of a vehicle may be higher if registered after 31st October 2019. As such we will not be offering any price protection under any circumstances.
We will be providing price protection for all vehicles registered before 31st December 2019 (regardless of date of order or planned delivery date).
Dependent on the outcome of Brexit, any registrations from 1st January 2020 may be subject to an increase in MSRP (Manufacturer's Suggested Retail Price) and therefore cannot be guaranteed. In the event of an increase in MSRP, this increase will be effective for all vehicles wholesaled after 1st January 2020.
As another precaution in preparation for Brexit Jaguar Land Rover confirms that it will be suspending production at all UK manufacturing plants for one week commencing 4 November 2019. This prudent decision reflects the need to balance production in the face of ongoing uncertainty caused by Brexit.
If, as a result of the UK leaving the EU, tariffs/duties are payable on the import of vehicles, Volkswagen reserves the right to change the price of the vehicle(s). If Volkswagen does increase the price, you will have an opportunity to cancel your order. This increase will not apply if your vehicle arrives in the UK prior to tariffs/duties applying.
The Vehicle Partnership is continuing to monitor press releases and manufacturer communications so that we can give you the most up to date picture. As you would expect, things are changing fast and there is still a fair degree of uncertainty, so if you have any questions about how Brexit is likely to affect your vehicle order or delivery then please get in touch.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 01785 713657
The Vehicle Partnership Ltd
76 Pinfold Lane
The Vehicle Partnership Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 728983
Registered in England & Wales with company number : 09896991 | Data Protection No : ZA155300 | VAT No : 229249100
Registered Office : Sugnall Business Centre, Sugnall, Stafford, ST216NF
Copyright © 2020 The Vehicle Partnership Ltd, All rights reserved.