Brexit fears could cost motor industry as car buyers stall

Brexit uncertainty and the prospect of increasing car prices could cost the new car market an estimated £6.5 billion as some 377,000 motorists ‘strongly agree’ that Brexit is making them think twice about buying a new car.

According to new research by AA Cars, some 6% of drivers are putting off buying a new car until they know what Brexit really means. Consistent with this, 7% of drivers say they ‘strongly agree’ with the statement that they’d be more likely to buy a used car since the EU referendum.

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