Poll: will Brexit affect your car-buying plans? | CAR Magazine

Poll: will Brexit affect your car-buying plans?

Published: 24 August 2016

► Vote in our Brexit motoring poll
► Will it affect your car buying?
► Have your say below! 

Will Britain’s Brexit vote affect your plans to buy a new car or upgrade in the coming months? Or is it business as usual for your car purchase plans?

Have your say in our poll below. We want to find out if UK motorists are changing their plans after the historic June 2016 referendum where Brits voted to leave the EU.

So far, it’s business as usual in showrooms. Initial sales figures have showed little impact after the referendum vote and in July 2016 – the first full month after the poll – sales were actually up 0.1% in the UK, to 178,523 new cars registered. 

Brexit and the car industry

It’s swings and roundabouts for British car buyers. The weakened sterling exchange rate may make cars imported from outside the UK more expensive, but historically low interest rates means that loans and car finance are cheaper than they’ve ever been.

And car makers desperate to shift metal still see the UK as one of Europe’s biggest markets – so they’re sure to continue flooding showrooms with razor-sharp deals and discounts.

Let us know if you’re changing your intention to upgrade your car in our poll above. 

Read more about the implications of Brexit for the motor industry here

By Tim Pollard

Group digital editorial director, car news magnet, crafter of words