Porsche warns of 10% price rise after no-deal Brexit

Porsche has told its customers that they might have to pay up to 10% on top of the price of their car in import tariffs should there be a no-deal Brexit.

The UK is currently due to leave the European Union on 29 March but has yet to strike a deal, meaning tariffs of up to 10% could be applied to imports and exports.

Anyone ordering a Porsche since 18 January has been informed they might have to pay extra tariffs in the event of no deal. Anyone who ordered a car before then is not affected.

“When our customers are looking to order a car, we try to keep them informed with as much information as possible. This includes any changes outside of our control that may affect the price of the car they’re interested in purchasing,” said Porsche.

“As one potential outcome of the Brexit negotiations, there is a possibility that a duty of up to 10% may be applied to cars imported into the UK by us after 29 March. 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.

“This is a precautionary step in the interests of allowing our customers to plan ahead, should this situation arise.”

Porsche is the first car maker to show its hand with a tangible impact of what a no-deal Brexit would look like. Other car makers are understood to be set to follow suit in the coming days, with 2020 model year prices rising by 10% in the event of a no-deal Brexit.

READ MORE

New 2019 Porsche 911: eighth-generation sports car revealed

Porsche 911 Speedster spotted ahead of release later this year

Porsche Cayenne Coupé seen ahead of summer on-sale date