[Lincoln61]

Looks like we will be paying more for our BMW's if the Brexit mess goes no deal.

"Imports of cars from the EU will have a tariff of 10.6% applied, which would add £1,500 to a typical family car. Volkswagen has already said the cost would be passed on to the buyer"

Thats a typical family car, on my car that would have been over £4,700!

No doubt the EU will match that for exports from the UK which will probably be the nail in the coffin for the UK motor industry.

Well done Farage, Johnson and everyone else who voted for unicorns and rainbows!

https://www.bbc.co.uk/news/business-47551266

[pjkbrit]

I'm an expat in the USA watching the biggest train wreck to hit my country since WW2. What are brexiteers thinking????
it's like watching England losing the World Cup over and over.
Only unemployment and a dead U.K. economy will follow. For decades.

[MashinBenzin]

Originally Posted by pjkbrit

What are brexiteers thinking????

Problem highlighted in bold.

[moonshine]

https://twitter.com/ProfBrianCox/sta...43522215399425
Prof. Brian Cox said.... "So - if I want to buy a new car I can pay a 10.6% tariff at a dealer on mainland UK OR pay no tariff at a dealer in Belfast and put it on a ferry. Do I understand this correctly?"(in response to)

Anna Isaac Retweeted Peter Foster
"Really important clarification - NI is being treated differently to the rest of the UK on this. GB will levy tariffs on EU imports. NI won’t. Understand govt believes this possible because of NI special moral case in international law"

[cc3]

Why buy new regardless of BREXIT they are overpriced to start with. Plenty of good low mileage stock in the U.K. which will go up in value if no deal. So swings and roundabouts the only way to get a sensible compromise with the EU is to have no deal.

[moonshine]

Originally Posted by pjkbrit

I'm an expat in the USA watching the biggest train wreck to hit my country since WW2. What are brexiteers thinking????
it's like watching England losing the World Cup over and over.
Only unemployment and a dead U.K. economy will follow. For decades.

We used to laugh about the US having Trump as President....

then came Brexit.

[GEP77]

Originally Posted by cc3

Why buy new regardless of BREXIT they are overpriced to start with. Plenty of good low mileage stock in the U.K. which will go up in value if no deal. So swings and roundabouts the only way to get a sensible compromise with the EU is to have no deal.

So where do you think low mileage used stock comes from?

Requires new cars to continuously feed into the system. If new prices go up, so will used.

[creepy coupe]

Originally Posted by Lincoln61

Looks like we will be paying more for our BMW's if the Brexit mess goes no deal.

"Imports of cars from the EU will have a tariff of 10.6% applied, which would add £1,500 to a typical family car. Volkswagen has already said the cost would be passed on to the buyer"

Thats a typical family car, on my car that would have been over £4,700!

No doubt the EU will match that for exports from the UK which will probably be the nail in the coffin for the UK motor industry.

Well done Farage, Johnson and everyone else who voted for unicorns and rainbows!

https://www.bbc.co.uk/news/business-47551266

Our government just decided to take £1750 more out of me for luxury car tax. So they're all robbing bastards.

[TodmordenLad]

"Over time, if we left the EU, it seems likely that we would mostly eliminate manufacturing, leaving mainly industries such as design, marketing and hi-tech. But this shouldn't scare us" - Professor Patrick Minford, Economists for Brexit

'Nuff said.

[Abzynthe]

Cant we just get a trade deal with China? They copy everything for much cheaper anyway

[jdrally]

Many of my suppliers cant compete with eu suppliers. Some have closed down. Weaker countries being built up with eu money to destroy UK business. Plus all the extra lorries coming in from Europe.
My mushrooms come from Poland, chicken from Ukraine. My suppliers for these products have closed down.
There is more to UK than banking and technical things.

[MashinBenzin]

Originally Posted by jdrally

Many of my suppliers cant compete with eu suppliers. Some have closed down. Weaker countries being built up with eu money to destroy UK business. Plus all the extra lorries coming in from Europe.
My mushrooms come from Poland, chicken from Ukraine. My suppliers for these products have closed down.
There is more to UK than banking and technical things.

I don't think the aim of the EU investment is to destroy the UK businesses, any more than it is to destroy them in other high-cost economies such as Germany.

The long term ethos is that the whole bloc benefits from bringing the weaker countries up. Has been occuring since the early days when Spain was a major beneficiary.

That's not to argue with your facts in your penultimate paragraph, there are clearly side effects that are devestating to some sectors. There is also a cyclical element to it where investment may flow back into a particular industry when competition becomes a more even playing field.

The EU has been of great benefit to our motor industry, for instance, and brought significant employment. That's assuming that you accept the argument that BL/Rover would have died irrespective of EU existing (I do).

[teaston]

This is why I sorted out my X3 early!!

[ashenfie]

What is wrong with a Jag, Hyundai or any Japanese car which will be 10% more competitive. The UK with a small amount of work could do bilateral deals, make other car brands more attractive to the UK consumers.

[ByTheSea]

Originally Posted by jdrally

...My mushrooms come from Poland, chicken from Ukraine. My suppliers for these products have closed down...

Strange. My local Aldi has both marked as sourced in Scotland. I suggest you look around before sourcing abroad.

[NISFAN]

Originally Posted by Lincoln61

Looks like we will be paying more for our BMW's if the Brexit mess goes no deal.

"Imports of cars from the EU will have a tariff of 10.6% applied, which would add £1,500 to a typical family car. Volkswagen has already said the cost would be passed on to the buyer"

Thats a typical family car, on my car that would have been over £4,700!

No doubt the EU will match that for exports from the UK which will probably be the nail in the coffin for the UK motor industry.

Well done Farage, Johnson and everyone else who voted for unicorns and rainbows!

https://www.bbc.co.uk/news/business-47551266

Looks like you'll have to buy a £70k car instead of a £75k one. I don't see that as being a big deal? As creepy said, luxury tax has increased ownership by as much as that without too much whining.

[Lincoln61]

Originally Posted by ashenfie

What is wrong with a Jag, Hyundai or any Japanese car which will be 10% more competitive. The UK with a small amount of work could do bilateral deals, make other car brands more attractive to the UK consumers.

A Jag, Hyundai or Toyota is no real equivalent to a BMW, but regardless of personal opinion the economics will prevail.

If an export market of 300 million people finds those cars 10% more expensive (remember the EU will likely replicate the tariff their end) the 60 million UK consumers will not off set that for the producers.

If that is the case those producers would be more likely to move production out the uk to serve the bigger market.....Bingo, no more 10% competitive advantage.

That kind of short sighted logic that we are more important than the whole of the EU is part of what got us in this mess in the first place.

[JNW1]

Originally Posted by Lincoln61

A Jag, Hyundai or Toyota is no real equivalent to a BMW, but regardless of personal opinion the economics will prevail.

Don't disagree about Hyundai or Toyota but personally I'd see a Jaguar as very much an equivalent to a BMW in many respects; not as good in some areas (engine choice) but at least as good if not better in others (chassis/steering).

[NISFAN]

Originally Posted by teaston

This is why I sorted out my X3 early!!

You bought your American car early to avoid EU import duty? Brilliant

[Goneinsixtyseconds]

Originally Posted by JNW1

Don't disagree about Hyundai or Toyota but personally I'd see a Jaguar as very much an equivalent to a BMW in many respects; not as good in some areas (engine choice) but at least as good if not better in others (chassis/steering).

How many you owned up to now?

And you're all deluded about the real impact. JLR might not be any cheaper, they buy around 40% of all their materials and parts from the EU.

The 10.6% on the car itself is just the start for a BMW. The warranty will be costing more, parts coming mainly from Europe, transport costing more. Delays, customs etc. We were told by Scania to expect a 15-20% increase in purchase costs if there was a no deal. All these details, no one thinks about how complex our relationship is with the EU now.

Plus, say that UK steel suddenly becomes 10% cheaper than elsewhere due to the tariff, Tata Steel will just follow the market upwards until they're 1% cheaper and make more money. The steel suppliers to the automotive sector based in the UK have no loyalty to the UK, they will charge what the market dictates.

[G82Dude]

Originally Posted by NISFAN

You bought your American car early to avoid EU import duty? Brilliant

South African built now aren't they?

[G82Dude]

There won't be a no-deal Brexit - tonight's vote will go south too. Tomorrow's vote will win. And then the waiting game on how long. Wait and see what happens. Manufacturers NEED to sell their goods in the UK. We are the 5th largest economy on the planet.