The result of the UK’s referendum on 23rd June 2016 to withdraw from the European Union is widely known as Brexit, a portmanteau of “Britain” and “exit”.
Media reports in the last few days claim that Brexit is responsible for driving up the price of cars and the cost of PCP car finance. But is that actually true?
Millions of UK motorists wanting to drive in the EU will need to arrange extra documentation in the event of a no-deal Brexit, insurers have warned.
New car registrations were down over 5% in December as poor fleet sales dragged figures down the overall market, bringing a difficult year to a close.
Car finance debt increased in the third quarter of 2018, despite the number of new finance agreements falling in line with lower new car sales in September.
British factories produced more cars in June than in any month in 18 years, but there are fears that Brexit uncertainty could stall manufacturing growth.