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Drivers will buy used cars if post-Brexit trade tariffs mean increase in new car prices - survey

Europe - Brexit jigsaw pieces

Most motorists will buy a second hand car rather than pay more for a new car if post-Brexit trade tariffs mean a rise in prices.

A new survey by online car servicing provider Servicing Stop reveals 72% of motorists would look to make savings by opting for a used car.

Inevitably, EU trade tariffs will see the cost of cars rise, along with service and repair bills, but many motorists also believe the UK’s departure from the EU will see a whole lot of other expenses increase in price.

More than 40% of drivers in the survey believe Britain leaving the EU will mean an increase in production costs, repairs and a lack of skilled workers.

When asked about their views on British-made cars, 71% said they did not care where the car was made so long as they got a good price; 29% meanwhile said they would pay more for a car made in the UK.

When it comes to purchasing your next car, considering the price could rapidly increase after UK leaving the EU (Brexit), would you rather...?
Buy a cheaper, second hand car 72%
Pay more for a car if tariffs are imposed 28%

 

Would you pay more money for a British-made car?
Yes - I would happily pay more for a car produced in Britain 29%
No - I don’t care where the car is made, I just want it for a good price 71%

 

> The survey was commissioned by Servicing Stop and conducted by CINT survey institute on 1,222 motorists in the UK. Survey carried out over June and July 2017.



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