Vantage Motor Group managing director Mark Robinson has said that while consumer confidence may wobble in the wake of Brexit there has never been a better time to buy a car.
He told AM: “The vehicles for Q3 have been ordered, the marketing, offers, pricing and rates are all in place and I don’t think that’s going to change in the short term.
“If consumers are worried about things changing and they’re looking to buy, now is the time to do it.”
Vantage is a 25 site group representing Toyota, Mazda, Citroen, Honda, Hyundai, Kia, Lexus and Skoda.
Robinson said: “There is bound to be a bit of volatility over the next couple of months but I have had conversations people high up in the banking system and they are confident things won’t fall apart like they did in the recession.
“I think businesses have learned a lesson since then and there is a lot of liquidity available to absorb any shocks. I think the Government on the whole has reacted well in the past to times of volatility with the business market.
"The Bank of England is ready to step in and I think businesses are in a stronger position now to deal with any fall out now than they were in the recession.”
When asked if dealers should be worried about the status quo of trade deals with European countries that export vehicles to the UK, Robinson said manufacturers couldn’t afford for the UK not to perform as a sales market.
He said: “The UK is the second largest market in Europe. There was some nervousness when PSA Group said they would have to increase prices due to Brexit, but I think from my conversations with Toyota that are very responsible and will only adjust things if they really need to.
“The vehicles that were allocated for Q3 have already been produced. The sales incentives will stay in place to move those vehicles because otherwise they will just sit and age. It’s now our job to give customers the confidence to continue with that purchase decision and let them know there has never been a better time to buy a new or used vehicle.”