UK prices are set to go up if the Government fails to secure a deal in time for the planned 29 March exit from the EU
Mark Tisshaw
14 February 2019

Porsche has told its customers that they might have to pay up to 10% on top of the price of their car in import tariffs should there be a no-deal Brexit.

The UK is currently due to leave the European Union on 29 March but has yet to strike a deal, meaning tariffs of up to 10% could be applied to imports and exports.

Anyone ordering a Porsche since 18 January has been informed they might have to pay extra tariffs in the event of no deal. Anyone who ordered a car before then is not affected.

“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,” said Porsche.

“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 car maker to show its hand with a tangible impact of what a no-deal Brexit would look like. Other car makers are understood to be set to follow suit in the coming days, with 2020 model year prices rising by 10% in the event of a no-deal Brexit.

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Comments
52

14 February 2019

I do love the way the media love to use the 'could be' reporting. One outcome. But lets run with that for the headline. No mention of the other outcomes like 'There could not be any tarrifs and no price rise'

14 February 2019

But it is correct in that the company are informing customers that due to actions by the UK government the cars may have to arrive under WTO terms and that means the car would cost more to deliver to the UK and they have decided to pass the cost on

14 February 2019
d79m wrote:

I do love the way the media love to use the 'could be' reporting. One outcome. But lets run with that for the headline. No mention of the other outcomes like 'There could not be any tarrifs and no price rise'

I think you are confirming your bias here. Fact is, we dont know what sort of brexit we will get and if its a hard one then its likely tariffs will be applied. Given this message is to customers who may be hit with these charges why would a message that said "There could not be any tariffs and no price rise" of any use? you did read the article didnt you? One other small details not many media outlets are reporting the fact that the government has failed to negotiate a WTO transition. This means that we actually still need to agree terms of trade with all WTO members before we can even trade. Just think about that, if we crash out we technically cannot trade as we are yet to successfully negotiate a transition to WTO trade terms. Also, the WTO is entirely undemocratic no one is elected. So if i bought a porsche after 18th January, Porsche have told me that i may be hit with additional charges due to trade tariffs. I hate how Brexit has turned people into raging idiots who disagree with anything that paints their hallowed brexit in a bad light or portrays anything that isnt positive. Its the news, its factual and its being reported in the only meaningful way. 

14 February 2019
xansamaff wrote:

d79m wrote:

I do love the way the media love to use the 'could be' reporting. One outcome. But lets run with that for the headline. No mention of the other outcomes like 'There could not be any tarrifs and no price rise'

I think you are confirming your bias here. Fact is, we dont know what sort of brexit we will get and if its a hard one then its likely tariffs will be applied. Given this message is to customers who may be hit with these charges why would a message that said "There could not be any tariffs and no price rise" of any use? you did read the article didnt you? One other small details not many media outlets are reporting the fact that the government has failed to negotiate a WTO transition. This means that we actually still need to agree terms of trade with all WTO members before we can even trade. Just think about that, if we crash out we technically cannot trade as we are yet to successfully negotiate a transition to WTO trade terms. Also, the WTO is entirely undemocratic no one is elected. So if i bought a porsche after 18th January, Porsche have told me that i may be hit with additional charges due to trade tariffs. I hate how Brexit has turned people into raging idiots who disagree with anything that paints their hallowed brexit in a bad light or portrays anything that isnt positive. Its the news, its factual and its being reported in the only meaningful way. 

Spot on, couldnt have said it better myself.

15 February 2019

The EU is the most undemocratic thing going. Look into it abit.  Find out what powers and influence members of the european government have to change, put forward, or even object to laws the EU decide on. They are all there for show and everything the EU decides is from a few people that no one can challange.  Then look what those show puppets get paid and the huge allowences they get for sitting there nodding.  But Go democracy!! 

14 February 2019
"there is a possibility that a duty of up to 10% may be applied to cars imported into the UK "

Yeah, and there's also a much larger possibility that that won't happen.

Alternatively, buy Lotus, Jaguar, McLaren and other british marques instead of giving yet more money to VAG.

14 February 2019
flukey wrote:

"there is a possibility that a duty of up to 10% may be applied to cars imported into the UK " Yeah, and there's also a much larger possibility that that won't happen. Alternatively, buy Lotus, Jaguar, McLaren and other british marques instead of giving yet more money to VAG.

 

Precisely. UK as 4th largest market for 911 ?  Oh yes.   Biggest market for Boxster (before the 4-pot took revenge) ? Check. Will Porsche sit idylly by whilst clients tell them where to stick a 10% hike ?  For 'production' cars: doubtful. Is this actually 'news' ?  'Course not.

15 February 2019
BertoniBertone wrote:

flukey wrote:

"there is a possibility that a duty of up to 10% may be applied to cars imported into the UK " Yeah, and there's also a much larger possibility that that won't happen. Alternatively, buy Lotus, Jaguar, McLaren and other british marques instead of giving yet more money to VAG.

 

Precisely. UK as 4th largest market for 911 ?  Oh yes.   Biggest market for Boxster (before the 4-pot took revenge) ? Check. Will Porsche sit idylly by whilst clients tell them where to stick a 10% hike ?  For 'production' cars: doubtful. Is this actually 'news' ?  'Course not.

Sit idly by? They don't have any choice or leverage in a WTO brexit unless the UK unilaterally drops tariffs on imports.

15 February 2019
SamVimes1972 wrote:

BertoniBertone wrote:

flukey wrote:

"there is a possibility that a duty of up to 10% may be applied to cars imported into the UK " Yeah, and there's also a much larger possibility that that won't happen. Alternatively, buy Lotus, Jaguar, McLaren and other british marques instead of giving yet more money to VAG.

 

Precisely. UK as 4th largest market for 911 ?  Oh yes.   Biggest market for Boxster (before the 4-pot took revenge) ? Check. Will Porsche sit idylly by whilst clients tell them where to stick a 10% hike ?  For 'production' cars: doubtful. Is this actually 'news' ?  'Course not.

Sit idly by? They don't have any choice or leverage in a WTO brexit unless the UK unilaterally drops tariffs on imports.

 

Oops...."idly" by. I stand corrected.  I didn't mean that Porsche has a direct involvement in negotiations though if they did, I suspect they'd be a whole lot more 'efficient' than our Glorious PM.  I meant in 'product support'. They'll want to move metal and won't let a 10% hike in tariffs stop them retaining market-share. They are, after all, business people.

14 February 2019

So if imported cars are likely to cost approx 10% more, does'nt that make UK produced cars a better value proposition? Might more therefore be sold? Might that be a positive for British carworkers?  As I have said before, Brexit is a massive opportunity if you are progressive and forward thinking, and at the same time a disaster if you are negative, legacy hindered, or just a defeatist. I'm with the former!

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