Positive outlook for post-Brexit motor industry

A post-Brexit UK could provide more opportunities in free-trade, better job prospects and industry growth of British-made cars, according to a new report.

The study conducted by online car servicing provider, Servicing Stop, surveyed more than 1,600 motorists on their views of a Britain outside the EU. The results revealed a generally positive outlook.

When asked what the benefits of Britain leaving the European Union will be to the automotive industry, more than 40 per cent of respondents said Britain would be able to forge stronger trade relationships with countries outside the European Union including China, the USA and India.

A further fifth believed the move would lead to more factories being built in Britain, and a fourth believed British cars will become more popular. Nine per cent of motorists also feel that more jobs will be on offer to British people as a result.

Motorists believe that once the divorce has been settled between Britain and Europe, manufacturers will start producing more parts and cars in the UK which will inevitably bring in more business and increase jobs.

A third more are looking towards a trade agreement that will prevent tariffs being imposed on imports and exports, and more than a quarter are conflicted in believing that UK manufacturers will move outside of Britain and into Europe, taking jobs but keeping the cost of production at bay.

Oly Richmond, Chief executive and founder of Servicing Stop, said: “The one phrase we keep hearing, no matter what the industry, is ‘these are uncertain times’.

“The reason it is used over and over again is because there is simply no other word to describe our current predicament in the fall-out between Britain and Europe.

“We do not know what will happen to the automotive industry in a post-Brexit Britain, but we can hope that a trade agreement is settled, free trade prospers and prices remain relative to what we see today.

“What I can say is it is great to see motorists keeping the faith and patriotic spirit alive. What will be will be, but we won’t stop trying to make it work.”