August 17, 2019 at 9:31 pm
#85659
No reason for a 10% price increase though. First, the tariff is on the imported price pretax, second EU manufacturers will absorb what costs they can to maintain sales. Cars are priced at what the market will stand. Profit margins vary country to country – higher in the UK than many countries, funding the big dealer networks for example.
And you can be sure the first tariff agreement between EU and UK will be for vehicles.