Brexit ‘not a factor’ for majority of car buyers

Written by Ellie

New research has revealed the fallout from the UK's decision to leave the EU may not be as pronounced as some might have expected in terms what cars they would like to purchase and how much they are willing to pay.

A poll of UK car buyers carried out this month by Motoring.co.uk has shown how the majority of Brits (70 per cent) remain unmoved in terms of the models they would like to purchase.

In addition, 73 per cent stated that the referendum result has not affected how much they would be willing to spend.

Terry Hogan, co-founder of Motoring.co.uk, commented: "Since the vote to leave the EU in June, speculation about how the UK's economy will be affected has plagued the headlines and automotive is no exception.

"The survey results clearly show that UK car buyers are looking for value for money and are ready to purchase, if they consider it a good deal for them."

Indeed, the results should serve to bolster confidence in the UK car industry at a time when many had expected Brexit to become a drain on the economy.

Natalie Brinkley, brand manager at Fuel Card Services, adds: "It is good to see UK buyers remain undeterred despite the uncertainty that remains surrounding Brexit.

"This is also a situation that will only likely improve as the UK gets closer to beginning its negotiations with the EU and the actual implications of Brexit become clearer."


Posted on 26th October 2016

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