Even German car companies are feeling the sting of Brexit.
Ever since the United Kingdom decided to leave the European Union, the automotive industry has been deeply concerned about the impact it would have. UK-based automakers such as Jaguar and Land Rover, the Volkswagen-owned Bentley brand, as well as the BMW-owned Mini and Rolls-Royce brands are already starting to feel the effects of Brexit on their supply chain.
However, even non-UK companies will be affected by Brexit as potentially high import taxes will make their products more expensive in the UK. According to Autocar, Porsche is already preparing for such an eventuality and has warned customers that they may have to pay up to 10% more for their car.
UK buyers who ordered the car after January 8 has already been informed that they may have to pay an extra tariff in the event a Brexit deal is not reached. Porsche issued a statement regarding the situation saying:
"When our customers are looking to order a car, we try to keep them informed with as much information as possible. This includes any changes outside of our control that may affect the price of the car they’re interested in purchasing. As one potential outcome of the Brexit negotiations, there is a possibility that a duty of up to 10% may be applied to cars imported into the UK by us after 29 March. In light of this, we have chosen to inform customers whose cars are likely to arrive after Brexit occurs to warn them that they may be affected by this tariff, allowing them to be fully informed at the point of sale and, if they wish, to adjust their order accordingly. This is a precautionary step in the interests of allowing our customers to plan ahead, should this situation arise.”
Porsche is the first automaker to inform customers about potential Brexit effects. Other automakers are expected to announce price hikes of their own, starting with 2020 model year vehicles. If you live in the UK and want to buy an imported car then if a Brexit deal isn't reached, expect to pay more for it.