Porsche and Volkswagen both warn UK consumers about Brexit price rise

by | Feb 19, 2019

It was revealed this week that Porsche and Volkswagen vehicles may see a price rise after Great Britain leaves the European Union.

Both Porsche and VW, which are owned by Volkswagen, have said that if a 10 per cent tariff is applied to imports of cars after Brexit, it would be customers that foot the bill.

In an emailed statement to the BBC, Stuttgart-based Porsche said: “As one potential outcome of the Brexit negotiations, there is a possibility that a duty of up to 10% may be applied to cars imported into the UK by us after March 29.”

Should a no-deal Brexit occur, goods imported from the EU may be subject to import duty. In this case, the price of vehicles and parts imported into the UK may increase.

– Volkswagen spokesperson

 

Porsche has no UK manufacturing, meaning that all of its cars are imported into the country. Porsche continued, stating: “In light of this, we have chosen to inform customers whose cars are likely to arrive after Brexit occurs to warn them that they may be affected by this tariff – allowing them to be fully informed at the point of sale and, if they wish, to adjust their order accordingly.

Bloomberg quoted Porsche as saying that it needed “comprehensive clarity” on future UK relations with “the EU very quickly”.

A 10% surcharge would see the cost of an entry-level Porsche 911 rising from £93,110 to £102,421.

 

VW vehicles may also see a rise in price. Car Dealer Magazine reported VW as stating: “Should a no-deal Brexit occur, goods imported from the EU may be subject to import duty. In this case, the price of vehicles and parts imported into the UK may increase.

“We strive to keep all customers as informed as possible during the buying process. This includes being clear on any potential changes outside of our control that may affect the price of the car they’re interested in purchasing.”

An unnamed VW dealer also spoke to Car Dealer Magazine saying: “After Brexit, we just don’t know what will happen, and the situation is taken out of our hands as prices will more than likely inflate.”

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