Brexit will impact the UK and global automotive industry and cause disruption across the extended supply chain. Any change in tariffs and regulations will immediately impact the automotive supply chain and make sourcing of assembly parts and distribution of finished vehicles more costly, forcing organisations to rethink their medium to long-term strategies.
Although the final position is still unknown, what is without question is that the automotive industry must assess the impact, generate options and be prepared
A Hard Brexit is likely to increase the cost of an average car by £2,000 and further increase supply chain complexity. We see the biggest impact of Brexit on carmakers and component parts and engine suppliers. The outcome of Brexit negotiations will dictate how automotive businesses are affected by trade, people movement and regulation.