No-deal Brexit may force Porsche to charge customers 10% more

Porsche is planning to charge customers in Britain an additional 10% for its cars in the event of a no-deal Brexit.

According to Auto Express, price hikes would be introduced to offset the 10% tariffs that would be applied to vehicles imported to the UK if a deal with the European Union cannot be reached ahead of the 29 March deadline.

As things stand, Britain does not pay any fees on cars imported from EU member states.

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If Porsche’s plans are put into place, buyers could find themselves paying thousands more to order a new car than they would have done before Brexit.

For exmaple, Car Dealer Magazine says customers in the market for Porsche’s entry-level Macan SUV would see prices jump from £46,344 to £50,978.

The firm’s iconic 911 would also see significant price hikes, with the basic-spec model rising from £93,110 to £102,421, the motoring trade magazine says.

A Porsche spokesperson confirmed the reports, saying: “There is a possibility that a duty of up to 10% may be applied to cars imported into the UK by us after March 29.

“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.”

Porsche isn’t the only carmaker planning to ramp up its prices if Britain cannot reach a deal with the EU prior to the Brexit deadline.

Swedish car manufacturer Volvo also intends to raise prices by 10% in the event of a no-deal divorce, says Autocar.

Meanwhile, Ford issued a warning to the Government yesterday that it may move manufacturing outside the UK if a deal cannot be reached, potentially putting 13,000 jobs at risk, Sky News reports.