Vauxhall, Ford, Honda and Suzuki raise prices post-Brexit
Currency fluctuations since Brexit have prompted several carmakers to raise their prices by up to 2.5%
The prices of Ford’s UK range has been announced to increase by 1.5%, while Honda will be increasing the prices of its range by an average of 0.9% this month. Some Suzuki models will also be subject to price increases, with a 2% increase due to the fluctuation of sterling.
General Motors Europe has suffered as the value of the pound slipped against the euro, with the UK being its largest national market. Tina Müller, Opel’s chief marketing officer, said Brexit has in effect cost the company £346 million already.
Despite GME’s predictions for a decline in the British market, sales remain strong at the moment, with a Vauxhall spokesman confirming that the brand is currently leading September retail sales for cars.