Brexit costs worldwide, 2.8 million car sales

Posted on 29-06-2016 at 17:12 by CasperH – 78 Comments”

This is evident from a research that the consequences of Brexit map trying to convey.

The research firm IHS Automotive has the expectation for the number of cars sold in 2016 with 200,000 units adjusted compared to the expectation prior to Brexit. The decision of the British to the European Union, however, has far greater implications for the car market in 2017 and 2018. In 2017 is expected to IHS that there is 1.25 million fewer cars will be sold. And in 2018 a further 1,38 million cars less.

The biggest blow of Brexit for the British themselves. The expectation is that the increase of the number of cars sold is only 1 percent, while earlier it was expected that the increase of 3.2 percent would amount to. Over the next two years is even a contraction expected for the British car market. But also for the rest of the world will be the Brexit have consequences for the sale of cars. The car industry of Great Britain is good for €18,63 billion, and 80 percent of the produced British cars and auto parts are being exported. Will be about 60 percent to Europe.

A number of companies have already announced quite a burden to have to go to get one of Brexit. Among those companies, Toyota, Aston Martin and Jaguar Land Rover.

Well done Boris. Well done.

Source: ANE