Thursday, 22 August 2019

Porsche warns of Brexit price hike on UK cars

LONDON: Porsche customers in the UK should brace for a price hike of up to 10 percent in case of a hard Brexit, the luxury German carmaker warned Monday.

The company said it had taken the “precautionary step” of informing customers whose cars are due to be delivered after March 29, the day Britain leaves the European Union, that they could become more expensive if new border tariffs are imposed.

“As one potential outcome of the Brexit negotiations, there is a possibility that a duty of up to 10 percent may be applied to cars imported into the UK,” Stuttgart-based Porsche said in a statement, adding that drivers could still make changes to their order.

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